Keefe, Bruyette & Woods Upgrades Globe Life to Outperform, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Krueger upgraded Globe Life (NYSE:GL) from Market Perform to Outperform, while also lowering the price target from $130 to $110.

April 24, 2024 | 9:16 am
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Globe Life was upgraded from Market Perform to Outperform by Keefe, Bruyette & Woods, but its price target was reduced from $130 to $110.
The upgrade to Outperform suggests a positive outlook on Globe Life's stock by the analyst, indicating a belief in its potential to outperform the market or its sector. However, the reduction in the price target, despite being an upgrade, indicates a recalibration of expectations, possibly due to external factors affecting the company's future earnings potential or market conditions. This mixed signal could lead to short-term volatility as investors adjust to the new valuation.
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