Lincoln National Upgraded to “Buy” at Deutsche Bank (LNC)
Deutsche Bank reported on Thursday that it has raised its rating on financial services company Lincoln National Corporation (LNC).
The firm has upgraded LNC from a “Hold” to a “Buy,” and has given the company a $45 price target. This price target suggests a 9% upside from the stock;s current price of $40.84.
Analysts have upgraded the company as interest rates improve and the company faces less growth headwinds.
Lincoln National Corporation shares were up 98 cents, or 2.46% during Thursday morning trading. The stock is up 57% YTD.
The Bottom Line
Shares of Lincoln National Corporation (LNC) have a 1.18% yield, based on Thursday morning’s price of $40.54.
Lincoln National Corporation (LNC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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