Manulife Financial Corp. (MFC:CA) TD Securities Upgrades Valuation on Earnings Momentum

Manulife Financial Corp. (MFC:CA)

Analyst Update

Manulife Financial Corp. (MFC:CA) received a  research report from TD Securities updating the analyst’s outlook on the stock.  TD raised the 12 month target price forecast to $60.00 from $57.00, reflecting improving earnings momentum across the business. The valuation increase demonstrates the growing confidence in Manulife’s ability to deliver more consistent profitability as operating conditions stabilize and management initiatives gain traction.

TD Securities’ view is supported by stronger underlying earnings trends, particularly in wealth and asset management and insurance operations, where higher investment income, disciplined cost control, and improved new business margins are contributing to results. The firm is also benefiting from a more favorable interest rate environment relative to prior years, which supports spreads and long-term return assumptions, while capital strength remains a key positive.

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