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Fly News Breaks for April 7, 2016
MFC
Apr 7, 2016 | 07:30 EDT
Canaccord said the long-term care insurance, or LTC, review is a near-term overhang for Manulife Financial. The firm said strengthening reserves for LTC in response to deteriorating claims is a primary risk despite only a modest amount of negative LTC experience. The timing of the outcome could lead to a potential charge in Q2 results, the firm added. Canaccord maintained its Hold rating and C$17.00 price target on Manulife Financial shares.
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