BMO Capital analyst Jack Matten initiated coverage of Unum Group (UNM) with an Outperform rating and $91 price target The risk/reward for Unum’s legacy long-term care business is skewing more favorably, including higher long-term interest rates and recent market transactions, which is supportive of a potential risk transfer opportunity that is likely to drive an upward stock re-rating, the analyst tells investors in a research note. In addition, the firm notes that fundamental drivers, including a strong U.S. employment environment for Unum’s group benefits franchise, remain strong, supporting solid core earnings growth and free cash flow generation.
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Read More on UNM:
- Unum Group price target raised to $81 from $74 at Wells Fargo
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