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

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.
Comments (1)
  • 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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