Lincoln National (LNC) Upgraded to Buy: Here's What You Should Know

Core Viewpoint - Lincoln National (LNC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][4]. - The recent upgrade reflects an improvement in Lincoln National's earnings outlook, likely leading to increased buying pressure and a rise in stock price [3][5]. Earnings Estimate Revisions - Lincoln National is projected to earn $6.71 per share for the fiscal year ending December 2024, marking a year-over-year increase of 28.5% [8]. - Over the past three months, the Zacks Consensus Estimate for Lincoln National has risen by 15.3%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating, suggesting a strong potential for market-beating returns [9][10]. - Lincoln National's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a favorable position for potential stock price appreciation [11].