Lincoln National Corp (LNC) Receives a Hold from Wells Fargo

By Austin Angelo

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Lincoln National Corp (LNCResearch Report) yesterday and set a price target of $69. The company’s shares closed yesterday at $65.34.

Greenspan observed:

“We expect LNC shares should trade in-line with the market tomorrow give the company’s clean quarter and coming in pretty close to the consensus expectations.”

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 6.8% and a 67.9% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lincoln National Corp with a $75.71 average price target.

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The company has a one-year high of $71.27 and a one-year low of $48.07. Currently, Lincoln National Corp has an average volume of 1.37M.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

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Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism.