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Fly News Breaks for December 9, 2016
AFL
Dec 9, 2016 | 07:09 EDT
As noted earlier, RBC Capital downgraded Aflac to Underperform from Sector Perform. Analyst Mark Dwelle expects the company's 2017 U.S. sales to come in at the lower end of its guidance due to ACA uncertainty and the restructuring of its sales force. Additionally, the analyst notes that the company expects to significantly increase its IT investments and change its investment strategy, while it's among the least sensitive to interest rates among the stocks he covers. Target to $65 from $74.
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