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Aflac Downgraded to “Sell” at UBS; Euro Exposure to Hurt Earnings (AFL)

By Dividend.com,  January 09, 2012, 08:59:36 AM EDT

Supplemental insurance provider Aflac Incorporated ( AFL ) on Monday caught a big downgrade from analysts at UBS.

The firm said it downgraded AFL from "Neutral" to "Sell" with a $34 price target. That target suggests a 23% downside to the stock's Friday closing price of $44.24.

UBS said it made the move because the company has exposure to the deteriorating economic situation in Europe.

Aflac shares fell 84 cents, or -1.9%, in premarket trading Monday.

The Bottom Line
Shares of Aflac ( AFL ) have a 2.98% dividend yield, based on Friday's closing stock price of $44.24 a share. The stock has technical support in the $39-$40 price area. If the shares can firm up, we see overhead resistance around the $45-$47 price levels.

Aflac Incorporated ( AFL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: AFL



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