This morning, UBS reduced its price target on shares of Aflac (NYSE:AFL) to $36 as exposure in the insurer's portfolio to European investments could hamper the stock going forward. In the report, UBS maintained its neutral rating.
Shares of Aflac were basically flat on the news, falling just 0.1% so far
Jefferies lowered its EPS estimates on shares of Best Buy (NYSE:BBY) through 2011 as same store sales remain sluggish. In the report, Jefferies reiterated its $25 price target and its hold rating.
Shares of Best Buy were off 1.3% on Wednesday.
And FBR lowered its price target on shares of Bank of America (NYSE:BAC) to $8 as mortgage-related liabilities could persist for a number of years. With the lower price target, FBR reduced its earnings estimates and reiterated its market perform rating.
Shares of Bank of America were higher despite the report, picking up 0.3% today.
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