Wells Fargo initiated coverage of Aflac with an Equal Weight rating and $73 price target. COVID impacts are waning and the company’s sales have bottomed, but Aflac still has a long way to go to surpass 2019 levels, the analyst tells investors in a research note. The firm says the company’s commercial real estate loans could also be a headwind as Aflac has a transitional book.
Published first on TheFly
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