Evercore ISI upgraded Unum Group (UNM) to Outperform from Market Perform with a price target of $84, up from $67. The firm expects the shares to benefit from the broader sector re-rating, continued favorable trends persisting in group benefits, and potential long-term care risk transfer by the end of 2025. The analyst says Unum’s pricing will remain rational and is not softening, and the improvement in disability recovery rates should remain sticky and persist into 2025 and potentially beyond.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UNM:
- Unum Group price target raised to $75 from $70 at Truist
- Unum Group price target raised to $76 from $74 at Barclays
- Unum Group Reports Robust Q3 2024 Earnings
- Unum Group price target raised to $74 from $72 at Barclays
- Unum Group reports Q3 adjusted EPS $2.13, consensus $2.10
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
