UPDATE: UBS Starts AFLAC (AFL) at Neutral; Story has Changed Due to Significant Deceleration

July 18, 2012 7:41 AM EDT
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Price: $121.45 +0.29%

Rating Summary:
    5 Buy, 16 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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(Updated - July 18, 2012 11:26 AM EDT)

UBS initiates coverage on AFLAC (NYSE: AFL) with a Neutral. PT $44.00.

Analyst, Suneet Kamath, said, "AFL's EPS growth rate has materially decelerated from 15%+ from 2001-2009 to 8% in 2011 and expectations for 4-7% growth in 2013, all ex. FX. In addition, we argue that future EPS growth is more uncertain relative to the past, as the driver of annual increases has changed from margin expansion to revenue growth."

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 $43.61 yesterday.


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