Manulife Financial price target raised to C$48 from C$47 at Barclays

Barclays analyst Alex Scott raised the firm’s price target on Manulife Financial (MFC) to C$48 from C$47 and keeps an Equal Weight rating on the shares as part of a Q3 preview for the life insurance group. The firm remains optimistic around fee-based earnings and group benefits. It does not see Q3 actuarial review “causing much noise this year.”