Jefferies has adjusted its price target for Manulife Financial (MFC, Financial), reducing it from C$51 to C$46, while maintaining a Buy rating on the stock. The revision reflects a reset in the firm's outlook, with expectations that growth in the Canadian financial sector may not resume until 2026.
The analysis highlights ongoing uncertainties, including the lack of resolution on tariffs and other near-term variables like domestic elections and potential negotiations, which contribute to market unpredictability. These factors, according to Jefferies, provide limited clarity for investors.
Despite the historical resilience of Canadian financials to economic downturns, the firm warns that the sector is not immune to current risks. Jefferies has also revised its estimates downward for other Canadian banks, including the Canadian Imperial Bank of Commerce and the National Bank of Canada, signaling caution in the sector's short-term outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Manulife Financial Corp (MFC, Financial) is $27.30 with a high estimate of $27.30 and a low estimate of $27.30. The average target implies an downside of 4.59% from the current price of $28.61. More detailed estimate data can be found on the Manulife Financial Corp (MFC) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Manulife Financial Corp's (MFC, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Manulife Financial Corp (MFC, Financial) in one year is $23.30, suggesting a downside of 18.56% from the current price of $28.61. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Manulife Financial Corp (MFC) Summary page.
