Manulife Financial price target raised to $50 from $47 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Manulife Financial (MFC) to $50 from $47 and keeps an Equal Weight rating on the shares. The firm updated models in the insurance space post the Q3 reports. Life insurance earnings reports were better than what share price reactions would suggest, the analyst tells investors in a research note. For property and casualty, Morgan Stanley sees a softening cycle heading into 2026.