Keefe Bruyette raised the firm’s price target on Globe Life (GL) to $160 from $155 and keeps an Outperform rating on the shares after the company announced the Department of Justice closed its investigation into its sales practices with no enforcement action. The firm says the news ends the risk that began for Globe Life in April 2024. Keefe cites the company’s history of growing premiums and earnings for the target bump.
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- Globe Life price target raised to $155 from $145 at Keefe Bruyette
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