As previously reported, CIBC analyst Paul Holden downgraded Sun Life Financial to Neutral from Outperformer with a price target of C$73, up from C$71. The analyst cites valuation for the downgrade following the stock’s recent rally. The firm now sees single-digit potential return in the shares.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SLF:
- Sun Life Financial management to meet with Desjardins
- Sun Life Financial downgraded to Neutral from Outperformer at CIBC
- Sun Life Financial (TSE:SLF) Easily Beats Q4-2022 Earnings Estimates
- Sun Life Reports Fourth Quarter and Full Year 2022 Results
- Sun Life declares dividends on Common and Preferred Shares payable in Q1 2023