Two Upgrades Mr. Chan (Canaccord) raised his Manulife Financial Corp. target to $30 from $29.50 with a “buy” rating, while RBC’s Darko Mihelic moved his target to $29 from $28 with a “sector perform” recommendation. The average is $29.57.
“Q2/21 results were solid driven by better results in GWAM, Canada, and the U.S., more than offsetting softer Asia results. Overall, our investment thesis is largely unchanged (though we are starting to consider IFRS 17),” said Mr. Mihelic.