Market Overview

UPDATE: Raymond James Downgrades Aflac on Valuation

Share:
Related AFL
AFLAC CEO: Excluding Weakness In Yen, We're Doing Quite Well
Earnings Scheduled For April 28, 2015
11 Reasons To Be A Dividend Growth Investor (Seeking Alpha)

In a report published Wednesday, Raymond James analyst Steven D. Schwartz downgraded the rating on Aflac (NYSE: AFL) from Outperform to Market Perform, and removed the $68.50 price target.

In the report, Raymond James noted, “We are lowering our rating on shares of Aflac to Market Perform from Outperform on valuation. Despite limited upside to our price target, we had maintained our prior rating given potential upside from the new Japan Post agreement. However, further appreciation in AFL shares since we last revisited our price target and rating has made a more positive rating difficult to justify.”

Aflac closed on Tuesday at $67.00.

Latest Ratings for AFL

DateFirmActionFromTo
May 2015Keefe Bruyette & WoodsMaintainsMarket Perform
May 2015CitigroupMaintainsNeutral
May 2015Goldman SachsInitiates Coverage onNeutral

View More Analyst Ratings for AFL
View the Latest Analyst Ratings

Posted-In: Raymond James Steven D. SchwartzAnalyst Color Downgrades Analyst Ratings

 

Related Articles (AFL)

Around the Web, We're Loving...