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