Globe Life price target raised to $130 from $118 at Piper Sandler

Piper Sandler analyst John Barnidge raised the firm’s price target on Globe Life (GL) to $130 from $118 and keeps an Overweight rating on the shares. The company reported strong Q3 results as it continues to benefit from favorable mortality trends via the annual actuarial assumption review along with continued re-measurement gains, the analyst tells investors in a research note.