What's Going On With Manulife Financial Shares Today
BMO Capital analyst Tom MacKinnon downgraded Manulife Financial Corp (TSX:MFC) (NYSE:MFC) to Market Perform from Outperform, citing weak 1Q22 results and disappointing IFRS17 disclosure. The analyst also lowered the price target to C$27 from C$37. MacKinnon states that while MFC points to perhaps a larger than expected 20% decline in BVPS/10% decline in core…
Benzinga ·