Manulife Financial's Canada Business May Rebound Earlier, Stronger Than Expected, RBC Says
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RBC Capital Markets suggests that Manulife Financial's Canada business may rebound sooner and stronger than anticipated, though sustained growth requires better performance from Asia and Global Wealth and Asset Management. The company's Q1 core EPS was CA$1.06, below estimates. RBC has lowered its EPS forecasts for 2026 and 2027 and maintains an outperform rating with a price target of CA$55.
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