Markets

Aflac’s Price Target Cut at UBS on European Worries (AFL)

Anlysts at UBS on Wednesday cut their price target for supplemental insurer Aflac Incorporated ( AFL ).

The firm maintained its "Neutral" rating on AFL but said it now expects the shares to reach $36. That new target suggests a small upside to the stock's Tuesday closing price of $34.27.

UBS cited upcoming pressures on the company due to its investment portfolio exposure in European markets for the move.

Aflac shares were unchanged in premarket trading Wednesday.

The Bottom Line

Shares of Aflac ( AFL ) have a 3.50% dividend yield, based on last night's closing stock price of $34.27. The stock has technical support in the $28-$31 price area. If the shares can firm up, we see overhead resistance around the $37-$40 price levels.

Aflac Incorporated ( AFL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 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 Nasdaq, Inc.

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

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