10:12 AM EDT, 08/09/2024 (MT Newswires) -- RBC has raised its target on Manulife by $1, to $39, noting that the company had a solid second quarter with strength in Asia and global wealth and asset management (GWAM). Canada results were also strong.

Analyst Darko Mihelic estimates ~9% core EPS growth in 2025 reflecting conservative estimates for Asia and GWAM. Also modeling a core ROE of 15.6% in 2025, which Mihelic views as conservative.

Manulife is rated Outperform.

Price: 34.22, Change: +0.21, Percent Change: +0.62