Market Overview

UPDATE: Credit Suisse Cuts PT to $58 on AFLAC on Yen Weakness

Related AFL
Top 4 Stocks In The Accident & Health Insurance Industry With The Highest Dividend Yield
Overbought And Oversold Stocks - Southwest Airlines Co, AFLAC Incorporated & More

Credit Suisse maintained Aflac (NYSE: AFL) with an Outperform rating and lowered the price target from $59.00 to $58.00.

Credit Suisse commented, "AFL reported operating EPS of $1.48, a penny above our estimate and in line with consensus. While tracking segment earnings in a quarter where the yen moves around a lot on a USD reporting basis is difficult, our initial read is that slightly lower than expected Japanese earnings (on a yen basis) were offset by stronger than expected US earnings. The pre-tax margin in Japan was weaker at 17.7%, down 110 bps vs. a year ago, driven by the continued mix shift out from third sector products into WAYS, which generates a lower pretax margin."

AFLAC closed at $53.49 on Tuesday.

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: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

Related Articles (AFL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters