Manulife Financial price target raised to C$55 from C$52 at RBC Capital

RBC Capital analyst Darko Mihelic raised the firm’s price target on Manulife Financial (MFC) to C$55 from C$52 and keeps an Outperform rating on the shares. The company’s results included better than expected insurance experience in corporate with not “high quality” earnings, though the firm still sees earnings as solid and it is “not fussed” on Asia, the analyst tells investors in a research note.