Sun Life Financial Inc. (SLF:CA) (SLF)
Analyst Update
Scotiabank raised its target price to C$93.00 from C$87.00, while maintaining a “Sector Perform” rating on the stock, indicating that the analyst expects the stock to deliver returns roughly in line with the broader market over the next 12 months. The valuation increase reflects Scotiabank’s view that Sun Life’s diversified insurance, asset-management, and wealth businesses are positioned for steady revenue and earnings growth, supported by recent financial performance and improving fundamentals, including higher dividends and strong capital metrics.
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