Unum Group price target raised to $74 from $72 at Barclays

Barclays raised the firm’s price target on Unum Group (UNM) to $74 from $72 and keeps an Overweight rating on the shares post the Q3 report. The company’s operating earnings came in modestly ahead of the Street as favorable Group Life offset Supplemental & Voluntary, the analyst tells investors in a research note. The firm says Unum’s actuarial review of long term care generates a “surprise favorable reserve release fueling strong net income.”