Manulife Financial Price Target Rises to C$67.00 Amid Analyst Optimism

Analysts at Royal Bank of Canada have raised their price target for Manulife Financial (TSE:MFC) to C$67.00, marking an 8.27% potential upside from its previous close.

This is not the first time analysts have increased their target price for MFC; several other firms, including National Bank Financial and Canadian Imperial Bank of Commerce, have also raised their targets in recent weeks.

According to data from MarketBeat.com, Manulife Financial currently has a consensus rating of 'Buy' among analysts, with 11 out of 12 firms recommending the stock. The consensus target price is C$66.00.