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Aflac (AFL -3.7%) is cut to Sell from Neutral at UBS with a reduced price target of $34 from...

  • Monday, January 9, 2012, 11:34 AM ET
    Aflac (AFL -3.7%) is cut to Sell from Neutral at UBS with a reduced price target of $34 from $39, citing remaining overexposure to Europe despite de-risking efforts. UBS also flags the potential for decelerating EPS growth at the insurer, in part because the company could slow share buybacks if significant European credit losses materialize.
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    What overexposure to Europe is UBS citing? AFL;s business is 80% Japan and 20% U.S.
    16 Jan 2012, 12:48 PM Reply Like
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