Stock Track | Manulife Soars 5.03% as Analysts Raise Price Targets on Strong Earnings

Stock Track

Feb 20, 2025

Shares of Manulife Financial Corp. (MFC) surged 5.03% in the pre-market trading session on Thursday, fueled by analysts' positive sentiment and raised price targets following the company's strong fourth-quarter and full-year 2024 earnings results.

Barclays analyst Alex Scott raised the firm's price target on Manulife to C$49 from C$47, maintaining a Hold rating on the stock. Meanwhile, DBS analyst Ken Shih reiterated a Buy rating and set a price target of HK$280 for Manulife, citing the company's robust financial performance.

Manulife Holdings, the company's Malaysian subsidiary, reported a 19.5% year-over-year increase in net profit for the fourth quarter of 2024, driven by higher revenue and improved operational efficiency. For the full year 2024, Manulife Holdings recorded a 22.7% rise in net profit, reflecting the resilience of the company's business model and strategic initiatives.

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(MFC) surged 5.03% in the pre-market trading session on Thursday, fueled by analysts' positive sentiment and raised price targets following the company's strong fourth-quarter and full-year 2024 earnings results.</p>\n\n<p>Barclays analyst Alex Scott raised the firm's price target on Manulife to C$49 from C$47, maintaining a Hold rating on the stock. Meanwhile, DBS analyst Ken Shih reiterated a Buy rating and set a price target of HK$280 for Manulife, citing the company's robust financial performance.</p>\n\n<p>Manulife Holdings, the company's Malaysian subsidiary, reported a 19.5% year-over-year increase in net profit for the fourth quarter of 2024, driven by higher revenue and improved operational efficiency. For the full year 2024, Manulife Holdings recorded a 22.7% rise in net profit, reflecting the resilience of the company's business model and strategic initiatives.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MFC","symbol_name":"宏利金融","start_time":0,"source_url":"","article_id":"1132806073","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132806073","pubTimestamp":1740062294,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Manulife Financial Corp.  surged 5.03% in the pre-market trading session on Thursday, fueled by analysts' positive sentiment and raised price targets following the company's strong fourth-quarter and full-year 2024 earnings results.Barclays analyst Alex Scott raised the firm's price target on Manulife to C$49 from C$47, maintaining a Hold rating on the stock. Meanwhile, DBS analyst Ken Shih reiterated a Buy rating and set a price target of HK$280 for Manulife, citing the company's robu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MFC":"宏利金融"},"translate_title":"分析师因强劲盈利上调目标价，宏利股价飙升5.03%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFC":1},"content_text":"Shares of Manulife Financial Corp. (MFC) surged 5.03% in the pre-market trading session on Thursday, fueled by analysts' positive sentiment and raised price targets following the company's strong fourth-quarter and full-year 2024 earnings results.\nBarclays analyst Alex Scott raised the firm's price target on Manulife to C$49 from C$47, maintaining a Hold rating on the stock. 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