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UPDATE: Sterne Agee Downgrades AFLAC to Neutral on Near-Term Headwinds

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Sterne Agee downgraded Aflac Incorporated (NYSE: AFL) from Buy to Neutral and lowered the price target from $63.00 to $62.00.

Sterne Agee said, "We are downgrading AFL shares from Buy to Neutral as the recent significant weakening of the Yen vs. the Dollar will negatively impact EPS revisions as well as capital repatriation from the Japan branch. Further, despite the positive influence of the company's new portfolio allocation strategy, we believe downside risk to Japan margins remains somewhat high. We believe the combination of these risks will ultimately present investors with a better buying opportunity."

AFLAC closed at $52.95 on Monday.

Latest Ratings for AFL

DateFirmActionFromTo
Nov 2017Morgan StanleyMaintainsEqual-Weight
Oct 2017Goldman SachsInitiates Coverage OnNeutral
Sep 2017CitigroupDowngradesNeutralSell

View More Analyst Ratings for AFL
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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