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Fly News Breaks for August 1, 2018
AFL
Aug 1, 2018 | 08:42 EDT
As previously reported, Sandler ONeill analyst John Barnidge upgraded Aflac to Buy from Hold citing its better fundamentals, as he believes its Q2 report demonstrated that there is pent up demand for its products and that the company "appears to have finally cracked" distribution of its products in the U.S. While the company is often comped as a life insurer, in many ways it is not, said Barnidge, who views the stock's valuation as attractive. He raised his price target on Aflac shares to $52 from $50.
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