Aflac price target raised to $107 from $106 at Wells Fargo

Wells Fargo raised the firm’s price target on Aflac (AFL) to $107 from $106 and keeps an Equal Weight rating on the shares. The firm notes that given the strong run the shares have had, Aflac traded down post earnings following weaker buybacks and weaker-than-expected U.S. results. In terms of capital deployment, Wells believes Aflac will remain thoughtful and allocate capital to the highest return opportunities.