RBC Capital Maintains Sector Perform on Manulife Financial, Raises Price Target to C$32
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic has maintained a 'Sector Perform' rating on Manulife Financial (TSX:MFC) and increased the price target from C$30 to C$32.
November 10, 2023 | 6:27 pm
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RBC Capital has maintained a 'Sector Perform' rating on Manulife Financial and raised the price target from C$30 to C$32, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a positive sentiment towards Manulife Financial's stock performance in the short term. As price targets often influence investor expectations and can lead to price movements, this revision could result in a short-term uptick in MFC's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100