Piper Sandler Raises Aflac (AFL) Price Target, Favors Insurance Carriers over Brokers

Piper Sandler expert John Barnidge raised the firm’s terms people connected Aflac Incorporated (NYSE:AFL) to $130 from $125 connected May 26 and maintained an Overweight standing connected the stock. The steadfast pointed to the stock’s caller show and the transition of clip arsenic reasons for the people increase. Piper Sandler modestly raised terms targets for astir security carriers portion lowering targets for immoderate security brokers.

Its investigation takes a bottom-up approach. Following first-quarter results, the steadfast believes investors whitethorn beryllium amended served focusing connected security carriers alternatively than brokers. Underwriting show came successful stronger than expected for carriers, portion brokers delivered weaker integrated maturation results.

Aflac Incorporated (NYSE:AFL) provides fiscal extortion to policyholders and customers done its subsidiaries successful the United States and Japan. The company’s superior concern is supplemental wellness and beingness security products.

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