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Wells Fargo Upgrades Lincoln National (LNC) to Overweight
Wells Fargo upgraded Lincoln National (LNC) to Overweight from Equal Weight, increasing its target price by 17.1% to $48. This upgrade follows the company’s FY 2025 earnings briefing, which showed a 39% year-over-year growth in free cash flows. The firm anticipates Lincoln National will begin stock buybacks as early as 2026 due to improved financial health.