Lincoln National Corporation (LNC) Shares Rise 16.6% Over Year
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowLincoln National Corporation (LNC) shares increased by 16.6% over the past year but are down 11.7% year-to-date. On June 24, LNC shares fell by 5% as the company announced a $500 million debt issuance for corporate purposes, including potential share buybacks. UBS set a new price target of $39, up from $37, maintaining a Neutral rating, while Morgan Stanley lowered its target to $40 from $43 with an Overweight rating. These developments inform investors about the company's current financial maneuvers and market position, impacting LNC's attractiveness for potential buyers.
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About Lincoln National Corporation (LNC)
Lincoln National (Lincoln Financial) provides life insurance and annuities.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
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