| Over a month ago | ||||
As previously reported,… As previously reported, Credit Suisse analyst Mike Rizvanovic downgraded Manulife Financial to Neutral from Outperform. The analyst cites the adverse impact of the IFRS 17 transition and the continued underperformance in the Canada business. | ||||
Credit Suisse analyst… Credit Suisse analyst Mike Rizvanovic downgraded Manulife Financial to Neutral from Outperform. | ||||
Canaccord analyst Scott… Canaccord analyst Scott Chan raised the firm's price target on Manulife Financial to C$30 from C$29.50 and keeps a Buy rating on the shares. | ||||
BMO Capital analyst Tom… BMO Capital analyst Tom MacKinnon raised the firm's price target on Manulife Financial to C$34 from C$33 and keeps an Outperform rating on the shares. | ||||
TD Securities analyst… TD Securities analyst Mario Mendonca raised the firm's price target on Manulife Financial to C$36 from C$35 and keeps an Action List Buy rating on the shares. | ||||
Canaccord analyst Scott… Canaccord analyst Scott Chan raised the firm's price target on Manulife Financial to C$29.50 from C$29 and keeps a Buy rating on the shares. | |
Barclays analyst John… Barclays analyst John Aiken upgraded Manulife Financial to Overweight from Equal Weight with a price target of C$31, up from C$30. Manulife has the "greatest upside exposure" in the Canadian Financial Services sector to the improving global economy as the world emerges from the pandemic shutdowns, Aiken tells investors in a research note. Further, it has the most leverage to higher rates and equities, which is not adequately reflected in its valuation, says the analyst. | |
Virtual Investor Day to… Virtual Investor Day to be held on June 29 at 8 am. Webcast Link | |
Virtual Investor Day to… Virtual Investor Day to be held on June 29 at 8 am. Webcast Link | |
Manulife Investment… Manulife Investment Management announced it has acquired TriVista on Speer, a multifamily property in Denver, Colorado for $144.5M on behalf of a third-party managed account. TriVista on Speer is a recently completed class A, 322-unit, seven story, multifamily property located at 1350 Speer Boulevard in the premier Golden Triangle neighborhood of Denver. The building features large floorplans with average unit sizes of 985 square feet, which includes an attractive mix of one studio unit, 179 one-bedroom units, 94 two-bedroom units, and 4 three-bedroom units. The 317,015 square foot property also offers high-end amenities catering to the demands of the young working professional such as a rooftop lounge, pool deck, conference rooms, and multi-floor fitness center. It is currently over 90% occupied. |