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Aflac slips half-a-percent as Citi cuts to Sell

Published 09/26/2017, 07:49 AM
© Reuters.  Aflac slips half-a-percent as Citi cuts to Sell
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  • Analyst Suneet Kamath expects just 5% EPS growth going forward - below that of peers, and not squaring with Aflac's (NYSE:AFL) relatively fancy valuation.
  • The company's Sept. 28 meeting with analysts is likely to be a negative catalyst as management will highlight growth difficulties, and margin/capital return guidance probably won't top expectations.
  • He downgrades to Sell from Neutral, with the price target cut to $79 from $82. Shares are lower by 0.5% premarket to $83.83.
  • Now read: Aflac's Q2 2017: Q1 Disappointment Is Forgotten But This High-Quality Company Remains Expensive


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