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Sterne Agee Reiterates Buy Rating, $63 PT on AFLAC

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Bank of America Downgrades Aflac To Neutral

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
Dec 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Nov 2014Bank of AmericaDowngradesBuyNeutral
Oct 2014Sterne AgeeMaintains

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