Manulife Financial (MFC:CA) (MFC)
Analyst Update
Jefferies raised its 12 month target price on Manulife’s stock to $58.00 from $54.00. Analysts point to improving profitability across Manulife’s core insurance and wealth management operations, supported by disciplined cost controls, steady premium growth, and resilient investment returns. Manulife continues to have a strong capital position and balance sheet flexibility, which underpins its ability to sustain dividends, pursue share buybacks, and invest in growth initiatives, particularly in Asia, where long-term demographic trends continue to support demand for insurance and wealth products.
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