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

|About: Aflac Incorporated (AFL)|By:, SA News Editor

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.