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Sun Life Financial downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Alex Scott downgraded Sun Life Financial (SLF) to Underweight from Equal Weight with a price target of C$82, down from C$86. Heading into Q2 earnings, the firm sees growing risk in Medicaid dental, particularly for Sun Life, which it notes has 30% of U.S. segment premiums in this area. This drives the downgrade to Underweight.

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