By: Benzinga
UPDATE: Citigroup Initiates Lincoln National Corporation at Neutral on Valuation
Citigroup initiated coverage on Lincoln National Corporation (NYSE: LNC ) with a Neutral rating and a $29.00 price target. Citigroup noted, "LNC has delivered solid operating results over the past two years and is generating a 10%-11% ROE, roughly in-line with the group average. While the stock appears cheap, we
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