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Sterne Agee Reiterates Buy Rating, $63 PT on AFLAC

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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
Apr 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Apr 2015Deutsche BankMaintainsHold
Feb 2015Keefe Bruyette & WoodsMaintainsMarket Perform

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