Manulife Financial Corporation (NYSE:MFC) is one of the 10 Best Financial Stocks to Buy for the Long Term. On February 2, Jefferies analyst John Aiken increased the company’s price objective on Manulife Financial Corporation (NYSE:MFC) from $39.64 to $42.58, maintaining a buy rating. The upwardly adjusted price target offers an additional 13.5% upside from current levels.

In addition to Jefferies, Barclays analyst Alex Scott also raised the firm’s price target on Manulife Financial Corporation (NYSE:MFC) from C$49 to C$52 on January 8. He also maintained a hold rating on the stock. The company’s revised price target reflects a slight downside of approximately 1% from current levels. The price target revision was made as part of Barclays’ wider sector outlook to 2026.

Looking ahead to 2026, the firm said it is cautiously optimistic about the life insurance industry. He cited steady cash flow generation, strong capital levels and ongoing industry consolidation helping balance pressures from spread compression and higher technology investment.

Manulife Financial Corporation (NYSE: MFC) provides financial services and products in the United States, Asia, Canada and internationally. The company operates in the segments of insurance and annuity products, wealth and asset management businesses and corporate and others. It also offers integrated banking products and services.

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READ THE FOLLOWING: Cathie Wood’s Stock Portfolio: The 10 Best Stocks to Buy i The 30 Greatest Stocks Every Investor Should Pay Attention To.

Disclosure: no. This article is originally published in Monkey Insider.