Why Globe Life Stock Was a Winner Today
Insurance conglomerate Globe Life (NYSE: GL) was a safe bet of a stock on Friday, as investors snapped it up following a bullish analyst move. With that tailwind at its back, Globe Life closed the day nearly 3% higher in price, easily beating the 0.4% increase of the S 500 index.
That move was made by CFRA analyst Catherine Seifert, who upgraded her Globe Life recommendation to buy from her previous hold. She accompanied this with a significant price-target increase to $155 per share from the preceding $130.
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Source Fool.com
