Jefferies Ups Manulife Target to $42.58 with 13.5% Upside
Jefferies raised Manulife’s price target from $39.64 to $42.58 on February 2, implying 13.5% upside while maintaining a Buy. Barclays increased its target from C$49 to C$52 on January 8 with a Hold, reflecting a 1% downside view.
1. Jefferies Raises Price Target
On February 2, Jefferies analyst John Aiken lifted Manulife’s price target from $39.64 to $42.58 and maintained a Buy rating, implying 13.5% upside from current levels.
2. Barclays Adjusts Forecast
On January 8, Barclays analyst Alex Scott increased the target from C$49 to C$52 and kept a Hold rating, indicating a slight 1% downside risk.
3. 2026 Sector Outlook and Operations
Analysts view the life insurance sector as cautiously optimistic for 2026, citing steady cash flow, strong capital levels and ongoing consolidation which may offset spread compression and higher technology costs. Manulife operates in insurance, wealth management and integrated banking across key markets.