Globe Life price target raised to $158 from $150 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Globe Life (GL) to $158 from $150 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm is raising its price target which assumes the stock trades at just under 10.5-times next year’s earnings, still below its long-term norm in the low-double-digits, the analyst tells investors in a research note.