Morgan Stanley Downgrades Aflac to Equal-Weight, Raises Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Nigel Dally has downgraded Aflac (NYSE:AFL) from Overweight to Equal-Weight and raised the price target from $74 to $75.

August 18, 2023 | 9:24 am
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NEUTRAL IMPACT
Aflac's rating has been downgraded to Equal-Weight from Overweight by Morgan Stanley, though the price target has been slightly increased from $74 to $75.
The downgrade from Overweight to Equal-Weight suggests that Morgan Stanley sees less upside potential in Aflac's stock, which could lead to some selling pressure. However, the increase in price target from $74 to $75 indicates a slightly more optimistic outlook on the stock's value, which could counteract some of the negative sentiment. The net impact on the stock's price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100