Aflac price target raised to $118 from $109 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Aflac (AFL) to $118 from $109 and keeps an Equal Weight rating on the shares. With guidance from most companies in Q4, the firm is generally reducing our EPS estimates as guides were in-line to below consensus expectations for most companies. Wells is also rolling valuation methodologies to 2027 EPS and rolling out new 2028E EPS estimates for companies.