J.P. Morgan Maintains Neutral On Lincoln National (LNC)

J.P. Morgan maintains its Neutral rating on Lincoln National LNC in a research report published today. In the report, J.P. Morgan justified its decision by stating, “Valuation seems attractive, but we are concerned about LNC's sub-par returns and high exposure to equity-sensitive businesses. However, if the equity market continues to rally, the stock's valuation discount to the group could narrow further.” J.P. Morgan also reiterated its $33 target price. Lincoln's shares finished Wednesday's trading at $30.36.