Ethos initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Ethos (LIFE) with a Buy rating and $33 price target The company’s addressable market is “large and relatively underpenetrated” as it is exposed to “steady” life insurance policy growth in the U.S., the analyst tells investors in a research note. The firm says Ethos is “positively exposed to several secular tailwinds,” like the shift toward direct-to-consumer and independent agents.