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Fly News Breaks for April 6, 2017
AFL
Apr 6, 2017 | 08:09 EDT
As previously reported, BofA/Merrill upgraded Aflac to Neutral from Underperform and raised its price target to $78 from $75.. Analyst Seth Weiss said Aflac has underperformed the group over the past year while improving its rate of cash flow generation to over 80% of operating earnings in 2014-2016 from 25% of operating earnings in 2011-2013 and has $2.4B of excess capital capacity.
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