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UBS Warburg Downgrades AFLAC to Buy, But Raises Price Target


(AFL) - Get Aflac Incorporated Report

was downgraded to buy from strong buy at

UBS Warburg

Friday, but the firm still likes the supplemental insurance provider with those kooky

TheStreet Recommends

commercials we all know and love.

UBS raised the price target to $77 from $69 and noted that AFLAC enjoys great visibility and growth potential. But in lowering the rating, the brokerage expressed the opinion that the stock isn't likely to rally with the same kind of fever as it has in the last few months.

The shares recently traded down $2.38 to $65.19 in

New York Stock Exchange