Piper Sandler Reiterates Overweight Rating on Globe Life (GL)

Piper Sandler analyst John Barnidge reiterated an Overweight rating and $167.00 price target on Globe Life (NYSE: GL).

The analyst commented: "Looking at Potential Upside for '26 Guidance; We are reiterating our OW on 4Q25 favorite idea Globe Life. GL is the 1st in lifecoland to set annual guidance typically proving to be conservative. Our scenario analysis of the last 10-years suggests potential for the initial ’26 EPS guidance range of $14.60 - $15.30 to land with a mid-point of $15.50 - $16.40 at final revision (more info in full report). Besides this potential upside to expectations informing our current street high ’26 EPS estimate, we believe: 1) GL’s captive distribution is as good of an example of niches are for riches (here) as one finds; 2) CNO’s recent expansion of Bermuda (here) suggests – in our opinion – the potential for GL’s own Bermuda efforts to expand in time and 3) investigation headwinds being removed, we believe, holds the potential for shares to begin approaching GL’s 10- year historic valuation multiple of 11.7x vs. 8.5x ‘26E and 7.9x ’27E currently."

For an analyst ratings summary and ratings history on Globe Life click here. For more ratings news on Globe Life click here.

Shares of Globe Life closed at $130.37 yesterday.

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