Jefferies analyst John Aiken maintains $Sun Life Financial (SLF.US)$ with a buy rating, and adjusts the target price from $64.28 to $66.84.
According to TipRanks data, the analyst has a success rate of 50.6% and a total average return of -0.1% over the past year.
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 a new goal for return on equity at 20% and anticipates an annual earnings increase of 10%. This outlook is more optimistic than what was previously projected.
Sun Life Financial's Investor Day highlighted its impressive performance history and has reinforced confidence in the company's prospects for acceleration, thanks to its capital-efficient, high-growth business approach.
There is a persuasive argument for a potential re-evaluation of the life insurance sector's valuation due to the diversification of investors caused by the influx of various alternative managers. The introduction of these new participants has significantly mitigated risks through risk transfer and minimized the impact of divestitures. Post-election market conditions are expected to favor the sector, and the perceived competitive risks posed to insurers owned by alternative entities are deemed manageable.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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