News Summary

• Lincoln National Corporation (NYSE:LNC) received continued support from Wall Street on May 21.
• Morgan Stanley lowered its price target to $40 from $43 while maintaining an Overweight rating on the shares.
• The firm noted that first-quarter results across the life insurance industry were generally strong and expressed confidence that earnings momentum could persist through the remainder of 2026.
• Founded in 1905 and headquartered in Radnor, Pennsylvania, Lincoln National Corporation is a diversified financial services company that provides a broad range of insurance, retirement, and wealth-protection products.