Following its review of 3Q10 results, Citigroup has reiterated its Hold rating and $27 target price on shares of Lincoln National Corporation LNC.
“LNC remains among the most interest and equity market sensitive insurers within our universe and in the wake of the 3Q10 earnings miss we have reduced our 2010-2011E to $3.20 and $3.60, respectively,” Citigroup writes. “We have raised our 2012E to $3.95 to reflect share buybacks.”
Lincoln National currently trades at $24.40.
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