Lincoln National (NYSE:LNC) was upgraded by Bank of America/Merrill Lynch (NYSE:BAC) as the company has the lowest valuation multiple in its sector and the current stock price provides investors with a good entry point. A $34 price target was issued.
Shares are higher by about 2.25 percent.
Darden (NYSE:DHI) was upgraded by Bank of America/Merrill Lynch (NYSE:BAC) from underperform to neutral with a price target of $50 as the company is likely to increase dividends despite the announcement of lower guidance.
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