---
title: "Research Alert: CFRA Maintains Hold Opinion On Shares Of Sun Life Financial"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285918946.md"
description: "CFRA maintains a hold opinion on Sun Life Financial (SLF) shares, raising the 12-month target price by CAD7 to CAD103. The valuation is based on a 12x multiple of the adjusted EPS estimate for 2027, which is CAD8.50. The 2026 operating revenue forecast has been lowered to a growth of 2% to 5%. Q1 2026 underlying EPS was CAD1.89, matching consensus but missing the estimate of CAD1.93. Asia's net income rose 17% year-over-year, while Canada saw a 7% increase in underlying net income. Asset management results were mixed, with a 7% decline in underlying net income."
datetime: "2026-05-11T09:40:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285918946.md)
  - [en](https://longbridge.com/en/news/285918946.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285918946.md)
---

# Research Alert: CFRA Maintains Hold Opinion On Shares Of Sun Life Financial

05:40 AM EDT, 05/11/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target price by CAD7, to CAD103, valuing SLF shares at 12x our '27 adjusted EPS estimate of CAD8.50, (lowered today from CAD865) and at 13x our '26 EPS estimate of CAD7.90 (lowered from CAD7.95), versus the three-year average forward multiple and the peer average of 11x. We lower our '26 operating revenue forecast to a rise of 2% to 5% (down from 5% to 9%), and see 3% to 6% revenue growth in '27. Q1 2026 underlying EPS of CAD1.89, up 4% Y/Y, matched the consensus but missed our CAD1.93 estimate. Results were impacted by CAD310M in one-time charges, including CAD165M for SLC Management acquisitions and the CAD145M legal settlement. Asia net income rose 17% Y/Y to CAD216M, due to strong Hong Kong sales momentum and 41% growth in individual insurance sales. Canada delivered solid 7% Y/Y growth in underlying net income to CAD370M, supported by higher fee income from AUM growth. Asset management results were mixed with underlying net income declining 7% Y/Y to CAD363M.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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