Jefferies initiated coverage of Sun Life Financial with a Buy rating and C$82 price target. Earnings and profitability for the Canadian life and health insurance segment have been negatively impacted by low rates for some time, but the firm anticipates that the outlook for the Canadian lifecos will be “embraced by the market” as investment returns improve and investors become more comfortable with the new accounting regime.
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Read More on SLF:
- Sun Life Financial price target raised to C$77 from C$76 at RBC Capital
- Sun Life Financial price target raised to C$73 from C$72 at TD Securities
- Sun Life Reports Fourth Quarter and Full Year 2023 Results
- Sun Life declares dividends on Common and Preferred Shares payable in Q1 2024
- Sun Life Financial reports Q4 EPS C$1.28 vs C$1.48 last year
