Barclays Maintains Underweight on Lincoln National, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tracy Benguigui has maintained an Underweight rating on Lincoln National (NYSE:LNC) and raised the price target from $17 to $18.
August 07, 2023 | 2:05 pm
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Barclays has maintained an Underweight rating on Lincoln National and raised the price target from $17 to $18.
The news is directly about Lincoln National. Barclays' decision to maintain an Underweight rating suggests they believe the stock is overvalued or there are better opportunities elsewhere. However, the increase in price target from $17 to $18 indicates a slightly more positive outlook, which could have a neutral impact on the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100