CNO Financial price target raised to $46 from $44 at Piper Sandler

Piper Sandler raised the firm’s price target on CNO Financial (CNO) to $46 from $44 and keeps an Overweight rating on the shares. The firm cites a strong quarter with more of the path of 50 bps of annual ROE improvement over the next 3 years laid out. Results show CNO has a unique ability to grow production, grow earnings and grow profitability while investing in the platform of origination capabilities developed, Piper adds.