Deutsche Bank Maintains Buy On Torchmark Shares, $59 PT


In a research report issued today, Deutsche Bank analyst Yaron Kinar maintained a Buy rating on Torchmark Corp (NYSE:TMK) and reduced his price target to $59.

Kinar said, “We lowered our TP to $59, reflecting margin and cash flow pressure emanating from the company’s small Health-Part D business. Our 2014E EPS of $4.02 is in the middle of guidance range whereas our 2015E of $4.40 is $0.05 above the mid-point of $4.15-4.55 guidance, suggesting that 10% EPS growth will resume next year. We view the pressure from Part D as mainly noise that obfuscates improving headcount and sales numbers and steady margins in TMK’s core businesses. The recent pullback in the stock creates over 15% upside to this low-risk name in a high beta group.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Yaron Kinar has a total average return of 3.5% and a 60.7% success rate. Kinar has a 0.6% average return when recommending TMK, and is ranked #1318 out of 3349 analysts.

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