Bullboard - Stock Discussion Forum Sun Life Financial Inc T.SLF.PR.H

Primary Symbol: T.SLF Alternate Symbol(s): T.SLF.PR.D | T.SLF.PR.E | T.SLF.PR.G | T.SLF.PR.J | SNLFF | T.SLF.PR.K | SNLIF | SLFIF | SLF | SUNFF | T.SLF.PR.C

Financial Services Insurance - Diversified

Sun Life Financial Inc. is a Canada-based international financial services company, which offers asset management, wealth, insurance and health solutions to individual and institutional clients. Its segments include Canada, United States (U.S.), Asset Management, Asia, and Corporate. The Canada segment provides protection, health, asset management and wealth solutions. It also offers a premier... see more

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Sun Life Financial Inc > CIBC Upgrade

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Post by retiredcf on Nov 05, 2021 11:18am

CIBC Upgrade

November 4, 2021 Earnings Update
SUN LIFE FINANCIAL INC.

New ROE Target Highlights Upside Potential
Our Conclusion

We are increasing our 2023E underlying EPS (+2%) and our price target (from $74 to $81) in response to the new ROE target of 16% plus. Our revised target multiple is 11x P/E versus 10x previously. We maintain our Outperformer rating based on our EPS growth outlook over the next two years, the expectation for ROE expansion and potential for multiple expansion.

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