BMO Capital analyst Tom Mackinnon maintains $Sun Life Financial (SLF.US)$ with a buy rating, and adjusts the target price from $56.76 to $66.1.
According to TipRanks data, the analyst has a success rate of 73.3% and a total average return of 16.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sun Life Financial (SLF.US)$'s main analysts recently are as follows:
Sun Life Financial has set ambitious goals, targeting a return on equity of 20% and an annual earnings growth of 10%. This outlook is considered more favorable compared to previous models.
Sun Life Financial's Investor Day highlighted a commendable track record and has reinforced confidence in the company's prospects for acceleration, thanks to its capital-efficient and high-growth business model.
A solid argument is presented for an increased re-evaluation of the life insurance sector due to a growing investor pool, thanks to the influx of alternative managers. These newcomers have significantly reduced risks through transfers and mitigated issues stemming from divestitures. Post-election market conditions are expected to favor the sector, and the competitive pressures facing insurers owned by alternative entities are seen as a controllable risk.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
