Scotia Capital Reiterates Sector Outperform on Aflac - Aflac (NYSE:AFL)

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Scotia Capital is out with its report today on Aflac (NYSE: AFL), reiterating Sector Outperform on AFL.In a note to clients, Scotia Capital writes, "AFL aims to complete the de-risking strategy by YE2011, which, in our view, will remove one of the overhangs on the stock. We believe incremental progress in this process in addition to a continuation of otherwise strong fundamentals in Japan and improving sales andrecruiting results in the U.S. should be catalysts for the shares. We reiterate our 1-SO rating and one-year target price of $68. AFL is our top pick in the life group."At the time of posting, shares of AFL were trading pre-market at $44.14, down 0.36% from Friday's close.

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