UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Sun Life Financial
In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on Sun Life Financial (NYSE: SLF), and slightly raised its price target from $25.00 to $26.00.
BMO Capital noted, “While SLF is still a ‘show me story' as it relates to ambitious 2015 targets, Q3/12 results were much more encouraging after generally an unconvincing core results in 1H/12. Capital position remains good, and dividend, at least from a capital perspective, appears to remain safe. A 5.7% dividend yield provides support.”
Sun Life Financial closed on Thursday at $25.31.
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