Ethos initiated with an Outperform at Citizens

Citizens initiated coverage of Ethos (LIFE) with an Outperform rating and $21 price target Ethos is a technology-centric, fast-growing life insurance platform that operates as a managing general underwriter, the analyst tells investors in a research note. The firm says more than 95% of the customers that come to Ethos for life insurance can be underwritten without a medical exam, which is a key competitive advantage.