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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Sun Life Financial

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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.

Latest Ratings for SLF

DateFirmActionFromTo
Dec 2016Argus ResearchDowngradesBuyHold
Nov 2016Canaccord GenuityDowngradesBuyHold
Nov 2016Credit SuisseAssumesOutperform

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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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