FBR Capital Upgrades AFLAC (AFL) to Outperform

October 1, 2013 6:45 AM EDT
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Price: $69.64 --0%

Rating Summary:
    5 Buy, 15 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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FBR Capital upgraded AFLAC (NYSE: AFL) from Market Perform to Outperform with a price target of $71.00 (from $60.00) saying sales and SMR data points should help the stock catch up with peers.

"We are upgrading AFL to Outperform from Market Perform based on our view that sales data following the Japan Post deal, and better news on solvency margin ratio (SMR) management and yen repatriation, should help shares close their ~30% underperformance to the group year to date," analyst Randy Binner comments.

For an analyst ratings summary and ratings history on AFLAC click here. For more ratings news on AFLAC click here.

Shares of AFLAC closed at $61.99 yesterday.

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