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UPDATE: Credit Suisse Upgrades Sun Life Financial; Raising PT

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RBC Just Upgraded Sun Life Financial, Expects Growth In Asian And Wealth Management Businesses

According to a research report published this morning, Credit Suisse has upgraded Sun Life Financial (NYSE: SLF) from Neutral to Outperform, and raised PT from $24 to $26.

In the report, Credit Suisse said, "Upcoming earnings/capital charges are downplayed. (1) New seg fund calibration rules are expected to have a modest impact (management ball parked $30 million); (2) guidance suggests no material need to strengthen U.S. VA lapse assumptions; and (3) management has already guided to a $60 million potential hit from URR reserve strengthening. Overall, SLF's outlook suggests significantly smaller earnings/capital charges than peers (notably MFC), which increases the stock's near-term appeal."

Sun Life Financial closed yesterday at $22.55.

Latest Ratings for SLF

DateFirmActionFromTo
Aug 2015Credit SuisseUpgradesNeutralOutperform
Jun 2015RBC CapitalUpgradesSector PerformOutperform
Nov 2013BMO CapitalMaintainsOutperform

View More Analyst Ratings for SLF
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Price Target Analyst Ratings

 

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