Some of Aflac guidance seems ‘bit initially disappointing,’ says Evercore ISI

After Aflac (AFL) disclosed its investor day slides ahead of its meeting, Evercore ISI said “some of the guidance items seem a bit initially disappointing.” However, the firm also noted that Aflac has substantially beat its 2024 margin guidance, particularly in Japan, which may suggest the company is “continuing to embed conservatism in these targets.” The analyst, who looks forward to more detail during Aflac’s investor day today, has an Underperform rating and $104 price target on the shares.