TSX:SLF - Post Discussion
Post by
retiredcf on Apr 30, 2021 9:18am
Credit Suisse
Ahead of the start of first-quarter earnings season for Canadian lifecos, Credit Suisse analyst Mike Rizvanovic sees “an improving outlook on positive macro trends and rising rates.”
“While we’re anticipating a bit of a mixed quarter for the group sequentially, we expect a very strong rebound across the board vs. the depressed EPS levels reported in the prior year at the onset of the pandemic,” he said. “And with the macroeconomic outlook showing continued signs of improvement and longer-term rates on the rise, our target prices move up on a higher P/BV multiple.”
Mr. Rizvanovic made a trio of target changes:
- Sun Life Financial Inc. (SLF-T, “outperform”) to $71 from $67. Average: $70.85.
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