Market Overview

UPDATE: Sterne Agee Upgrades AFLAC to Buy Following 1Q13 Conference Call

Share:
Related AFL
AFLAC CEO On Q4 Earnings And Impact Of Weakening Yen
Earnings Scheduled For February 3, 2015

In a report published Friday, Sterne Agee analyst John M. Nadel upgraded the rating on AFLAC (NYSE: AFL) from Neutral to Buy, and raised the price target from $63.00 to $65.00.

In the report, Nadel noted, “We're buyers again of AFL. Off the 1Q13 conference call we see incremental positives of: 1) hedging profit repatriation from the Japan branch, which provides better visibility on capital management; and 2) potential upside to Japan margins as first sector sales fall. Ideally, we'd like to see AFL introduce further hedging to ‘lock in' higher capital ratios which have benefited from a weaker Yen and lower rates. That would be the trifecta in our view.”

AFLAC closed on Thursday at $52.57.

Latest Ratings for AFL

DateFirmActionFromTo
Feb 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Jan 2015Deutsche BankMaintainsHold
Dec 2014Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for AFL
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Analyst Ratings

 

Related Articles (AFL)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content