Morgan Stanley analyst Nigel Dally maintained a Hold rating on Lincoln National Corp (LNC) today and set a price target of $74. The company’s shares closed yesterday at $63.90.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 13.7% and a 62.9% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Ameriprise Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lincoln National Corp with a $75.83 average price target, which is a 18.7% upside from current levels. In a report issued on November 2, UBS also maintained a Hold rating on the stock with a $67 price target.
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Based on Lincoln National Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.22 billion and net profit of $490 million. In comparison, last year the company earned revenue of $3.49 billion and had a net profit of $418 million.
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Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism.
