Truist Securities Maintains Hold on Globe Life, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Mark Hughes has maintained a Hold rating on Globe Life (NYSE:GL) and reduced the price target from $125 to $80.

April 24, 2024 | 1:00 pm
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Truist Securities maintains a Hold rating on Globe Life and lowers the price target from $125 to $80.
The reduction in the price target by Truist Securities from $125 to $80 represents a significant downward revision, which could negatively impact investor sentiment and potentially lead to a short-term decrease in Globe Life's stock price. The maintenance of a Hold rating suggests that the analyst sees limited upside potential or significant risks that could prevent the stock from appreciating in the near term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100