Jefferies analyst Suneet Kamath upgraded CNO Financial (CNO) to Buy from Hold with a price target of $47, up from $42. The firm believes the company will likely beat its 2027 return on equity guidance of 12% with further upside thereafter. CNO shares reflect negative sentiment and potential acquisitions, the analyst tells investors in a research note. Jefferies cites the company’s above-peer annuity liability growth for the upgrade.
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