BMO Capital initiated coverage of Globe Life (GL) with a Market Perform rating and $114 price target The firm expects Globe’s “unique” business model to drive “solid and consistent” growth, but recent DOJ, SEC, and EEOC investigations remain an overhang on the shares, the analyst tells investors while starting coverage of the life insurance sector. Globe’s free cash flow conversion profile “looks somewhat less attractive compared to Life peers,” the analyst added.
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Read More on GL:
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