Manulife Financial price target raised to $46 from $43 at Morgan Stanley

Morgan Stanley analyst Bob Huang raised the firm’s price target on Manulife Financial (MFC) to $46 from $43 and keeps an Equal Weight rating on the shares. The firm is updating its price targets on stocks under its coverage in the Life Insurance sector, the analyst tells investors. Morgan Stanley notes core results held up well and a rebound is expected to occur in 2H25. Overall, valuation is attractive for the sector, the firm says.