UPDATE - UBS Downgraded AFLAC (AFL) to Sell; Multiple Concerns
Tweet
Share
E-mailGet Alerts AFL Hot Sheet
Price: $116.17 -0.29%
Rating Summary:
5 Buy, 15 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
5 Buy, 15 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Join SI Premium – FREE
UPDATE - UBS downgraded AFLAC (NYSE: AFL) from Neutral to Sell. PT lowered from $39 to $34.
UBS analyst says, "Our downgrade reflects AFL’s vulnerability to deterioration in Europe (given its outsized exposure to debt issued by European financials) and slower EPS growth. AFL shares also seem at greater risk of coming under pressure due to increasingly challenging Japan sales comps over the course of ‘12, and its relatively rich P/E of 6.4x ’13E (slightly above our group’s 6.0x, despite a slower EPS growth outlook)."
To see more ratings on AFL, Click Here
UBS analyst says, "Our downgrade reflects AFL’s vulnerability to deterioration in Europe (given its outsized exposure to debt issued by European financials) and slower EPS growth. AFL shares also seem at greater risk of coming under pressure due to increasingly challenging Japan sales comps over the course of ‘12, and its relatively rich P/E of 6.4x ’13E (slightly above our group’s 6.0x, despite a slower EPS growth outlook)."
To see more ratings on AFL, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wolfe Research Starts AFLAC (AFL) at Underperform
- UBS Downgrades Alkane Resources (ALK:AU) to Neutral
- Barclays Downgrades Renault SA (RNO:FP) (RNSDF) to Equalweight
Create E-mail Alert Related Categories
DowngradesRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
