Evercore ISI Group Downgrades CNO Finl Group to Underperform, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Thomas Gallagher has downgraded CNO Financial Group (NYSE:CNO) from In-Line to Underperform, while raising the price target from $24 to $26.
January 04, 2024 | 5:33 pm
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CNO Financial Group was downgraded by Evercore ISI Group from In-Line to Underperform, although the price target was raised from $24 to $26.
The downgrade to Underperform suggests that Evercore ISI Group believes CNO Financial Group's stock will perform worse than the market or its sector in the short term. Despite the increase in price target, which is typically a positive signal, the downgrade carries more weight and is likely to have a negative impact on investor sentiment and the stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100