Evercore ISI raised the firm’s price target on Aflac to $76 from $71 and keeps an In Line rating on the shares. Following the company’s “strong” Q3 headline beat, driven by favorable margins and a reserve release, the firm has updated its estimates to reflect what it expects will be a continuation of similar trends into Q4 and 2024, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AFL:
- Fly Insider: Emerson, Frontdoor among week’s notable insider trades
- Aflac COO Frederick Crawford to retire, effective September 30, 2024
- Aflac Incorporated Announces Third Quarter Results, Reports Third Quarter Net Earnings of $1.6 Billion, Declares Fourth Quarter Dividend, Increases First Quarter 2024 Dividend 19%
- Aflac reports Q3 adjusted EPS $1.84, consensus $1.46
- AFL Earnings Report this Week: Is It a Buy, Ahead of Earnings?