On Nov 14, major Wall Street analysts update their ratings for $Sun Life Financial (SLF.US)$, with price targets ranging from $66.1 to $68.98.
Jefferies analyst John Aiken maintains with a buy rating, and adjusts the target price from $64.28 to $67.54.
Evercore analyst Thomas Gallagher maintains with a buy rating, and adjusts the target price from $54.69 to $66.1.
BMO Capital analyst Tom Mackinnon maintains with a buy rating, and adjusts the target price from $56.76 to $66.1.
CIBC analyst Paul Holden maintains with a buy rating, and adjusts the target price from $64.53 to $68.98.
Furthermore, according to the comprehensive report, the opinions of $Sun Life Financial (SLF.US)$'s main analysts recently are as follows:
Sun Life Financial has set an ambitious goal for itself, aiming for a return on equity target of 20% and an annual earnings growth of 10%. This outlook is seen as more favorable compared to previous models.
The company's Investor Day highlighted a track record of success, reinforcing confidence in its potential for continued acceleration, thanks to its capital-efficient and high-growth business model.
A compelling argument exists for a potential upward re-rating of the life insurance sector, considering the diversification of its investor base due to the influx of alternative managers. The introduction of these new players has significantly mitigated risk through risk transfer and lessened the impact of divestitures. Post-election market conditions are expected to favor the sector, and the competitive challenges posed by insurers owned by alternative investment firms are seen as a controllable risk.
Here are the latest investment ratings and price targets for $Sun Life Financial (SLF.US)$ from 4 analysts:
Note:
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