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Manulife Financial Corporation Message Board

  • Kanuk_PQ Kanuk_PQ Nov 6, 2006 8:27 PM Flag

    Buy rating from UBS

    found this on Google,
    Manulife Financial "buy," target price raised

    Monday, November 06, 2006 2:37:38 AM ET

    NEW YORK, November 6 ( - Analysts at UBS reiterate their "buy" rating on Manulife Financial (MFC.NYS), while reducing their estimates for the company. The 12-month target price has been raised from C$42 to C$43.

    In a research note published on November 3, the analysts mention that the company has posted healthy results for the previous quarter, primarily driven by the robust performance across its US Insurance, US wealth and Asian operations. The analysts expect Manulife Financial to achieve mid-teens bottom-line growth going forward, despite the moderation in its sales growth, the analysts say. The operating EPS estimate for 2006 has been reduced from $2.50 to $2.49.

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