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

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

Financial Services Insurance - Diversified

Sun Life Financial Inc. is an international financial services company. The Company is engaged in providing asset management, wealth, insurance and health solutions to individual and institutional clients. The Company’s segments include Canada, United States (U.S.), Asset Management, Asia, and Corporate. These business segments operate in the financial services industry. The Asset Management... see more

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Sun Life Financial Inc > Canaccord Upgrade

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Post by retiredcf on Feb 01, 2021 11:40am

Canaccord Upgrade

In a research note previewing fourth-quarter earnings season, Canaccord Genuity analyst Scott Chan thinks investor sentiment toward Canadian life insurance companies is “improving,” prompting him to raise his target prices.

His changes are:

Sun Life Financial Inc. ( “buy”) to $68.50 from $66. Average: $67.13.

“We suggest that investor sentiment continues to improve (e.g. roll out of vaccines, yield curve steepening, strong earnings resiliency), while valuations remain attractive. Currently, the Group trades at P/E (fwd.) of 8.6 times which represents a 15-per-cent discount to its historical average (MFC at negative 23 per cent),” said Mr. Chan.

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