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Fly News Breaks for February 7, 2020
Feb 7, 2020 | 06:37 EDT
Credit Suisse analyst Mike Rizvanovic initiated coverage of Searching... with a Neutral rating and C$29 price target. In a research note to investors, Rizvanovic says he has a "cautiously optimistic" view on the outlook for the sector, saying he is optimistic about growth opportunities outside of North America that he believes can be further fueled by the deployment of excess capital, but cautious given the group's current valuation, which he believes limits upside, as well as ongoing risks in Asia due to the potential economic fallout from the coronavirus outbreak. The analyst expects Manulife to see solid growth in its Asia business.
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