Globe Life Sinks 8% as Piper Sandler Downgrade Says It’s No Longer a “Predictable Safe Haven”

Key TakeawaysGlobe Life shares fell 8% after Piper Sandler downgraded the stock to Neutral from Overweight and cut its price target to $165 from $200. Piper Sandler says Globe Life is no longer a predictable safe haven, pointing to bigger medical claims, irregular Medicare supplement claims and softer 2027 guidance.