7/102 sources · 2 publishersUpdated Nov 9, 19:38 UTC
JPMorgan upgrades Unum to Overweight as shares rise
On November 9, JPMorgan raised Unum Group's rating to Overweight from Neutral while cutting its price target to $90 from $98. Unum shares rose 5.19% to $80.74 after the upgrade. JPMorgan cited an attractive risk/reward profile despite lower estimates.
Why it matters
The upgrade provides a positive trading catalyst for Unum shares, although JPMorgan's lower target reflects reduced estimates. Unum expects full-year adjusted operating income of $8.30 to $8.50 per share, giving investors a stated earnings range to assess.
Key facts
- 1JPMorgan moved Unum Group to Overweight from Neutral and reduced its price target to $90 from $98. tradingview.com
- 2Unum shares increased 5.19% to $80.74 in regular trading on November 9. finance.yahoo.com
- 3Unum reported a third-quarter net loss of $2.65 per share, including an $853 million investment loss. finance.yahoo.com
- 4After-tax adjusted operating income was $2.20 per share, while core premiums grew 4.7%. finance.yahoo.com
- 5Unum expects full-year adjusted operating income of $8.30 to $8.50 per share. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.