Lincoln National (LNC) Receives a Buy from Morgan Stanley
In a report released today, Nigel Dally from Morgan Stanley maintained a Buy rating on Lincoln National (LNC), with a price target of $60.00. The company’s shares closed last Friday at $51.83.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 15.4% and a 63.6% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial, Ameriprise Financial, and Prudential Financial.
Currently, the analyst consensus on Lincoln National is a Moderate Buy with an average price target of $53.44.
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The company has a one-year high of $61.96 and a one-year low of $16.11. Currently, Lincoln National has an average volume of 1.88M.
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Founded in 1905, Philadelphia-based Lincoln National offers individual and group insurance, retirement, and investment products in the United States and the United Kingdom. The firm distributes its products through independent and company-employed agents, wirehouses, and banks. Lincoln also owns and operates 15 radio stations it acquired as part of the 2006 merger with Jefferson-Pilot Financial.