Q: What is the 6 -12 month prospect for MFC stock prices? Is MFC doing anything with their services and products to diffenentiate themselves now?
5i Research Answer:
We do not see MFC doing anything really different from before, it is just executing better overall. It has had some more focus on costs which is paying off. We try not to forecast over the short term, but the stock is cheap at 9X earnings, momentum is very positive, and lower rates could help improve valuation. It raised the dividend in February. We think it could make its way towards $40 barring any market event.