Lincoln National price target raised to $54 from $53 at Morgan Stanley

Morgan Stanley analyst Bob Huang raised the firm’s price target on Lincoln National (LNC) to $54 from $53 and keeps an Overweight rating on the shares. Lower interest rates and a steady or better equity market should serve as the broader macro backdrops and 2026 should see “similar fundamental trends as 2025,” the analyst tells investors in a life insurance group outlook note.