CNO Financial price target raised to $38 from $30 at RBC Capital

RBC Capital raised the firm’s price target on CNO Financial to $38 from $30 and keeps an Outperform rating on the shares after its earnings beat. Q2 was one of the better quarters for the company in some time with key segments reporting y/y profitability improvements, and with new money yields ticking higher and investment income remaining a positive to results, the analyst tells investors in a research note.