Wells Fargo lowered the firm’s price target on Unum Group (UNM) to $100 from $105 and keeps an Overweight rating on the shares. The firm notes Unum Group traded down considerably on the weak quarter, outlook, and commentary. It also seems to have brought down other group benefits writers given their downbeat commentary on current competitive dynamics, Wells adds.
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Read More on UNM:
- Unum Group price target lowered to $87 from $91 at UBS
- Unum Group reports Q2 operating EPS $2.07, consensus $2.21
- Unum Group sees FY25 adjusted EPS roughly $8.50, consensus $8.87
- UNM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Unum Group price target raised to $85 from $83 at Morgan Stanley