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Morgan Stanley Raises Manulife (MFC) Price Target to $50, Maintains Equal Weight
Yahoo Financeยท 2025-11-21 06:27
Core Insights - Manulife Financial Corporation (NYSE:MFC) is recognized as one of the 13 Best Canadian Dividend Stocks for long-term investment [1] - Morgan Stanley has raised its price target for Manulife to $50 from $47 while maintaining an Equal Weight rating, indicating a positive outlook based on updated insurance sector models [2] - The company reported core revenue of over $2.1 billion in Q3 2025, reflecting a 10% increase on a constant exchange rate (CER) basis compared to Q3 2024 [3] Financial Performance - Net income attributable to shareholders for Q3 2025 was $1.8 billion, remaining stable compared to the same period last year [3] - Global Wealth and Asset Management faced net outflows of $6.2 billion, contrasting with net inflows of $5.2 billion in Q3 2024 [3] Strategic Outlook - Management has reaffirmed its targets for 2027, aiming for a core return on equity (ROE) above 18% [4] - The company anticipates its joint venture in India to be fully operational within 12 to 18 months, including the necessary regulatory approvals [4] - Manulife projects remittances of approximately $6 billion for 2025, aligning with its goal of achieving at least $22 billion cumulatively by 2027 [4] Company Overview - Manulife Financial Corporation is a global financial services provider, offering a wide range of products including financial advice, insurance, and wealth and asset management solutions for various clients [5]