Market Overview

Sterne Agee Reiterates Buy Rating, $63 PT on AFLAC

Related AFL
Top 4 Stocks In The Accident & Health Insurance Industry With The Highest Revenue
Aflac's Guidance Fails To Impress Analysts

In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $63.00 price target on AFLAC (NYSE: AFL).

Sterne Agee noted, “With the recent weakening of the Yen vs. Dollar (2-3pts weaker in the past 1-2 weeks) and relatively strong performance of AFL shares particularly since 3Q12 earnings, our sense is investors are turning more bearish. This makes very little sense to us with the stock trading at 7.3x 2013E EPS and margin pressures in Japan beginning to ease.”

AFLAC closed on Tuesday at $50.96.

Latest Ratings for AFL

DateFirmActionFromTo
Jul 2014Deutsche BankMaintainsHold
Jul 2014BarclaysMaintainsEqual-weight
Jul 2014Raymond JamesUpgradesMarket PerformOutperform

View More Analyst Ratings for AFL
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AFL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters