Bank of America Reiterates Buy on Aflac

Bank of America Reiterates Buy on Aflac (NYSE: AFL). In a research report published today, Bank of America issued a warning on potential investment losses, however.

In the report, Bank of America states, "Trading at less than 7x our 2012 operating EPS estimate, we think that the risk of elevated investment losses is more than discounted in AFL's share price. A potential catalyst could be accelerated derisking of the investment portfolio and modest losses on sales of perpetual preferred securities."

At the moment, Bank of America has a price target of $75 placed on the company's stock. On Monday, Aflac added 0.71% to its value to end the day at $45.34.