Argus lowered the firm’s price target on Sun Life Financial (SLF) to $65 from $70 and keeps a Buy rating on the shares. The stock is is attractively valued based on consistent solid earnings and above-peer-average ROE, though shares were down significantly post-earnings on institutional outflows, the analyst tells investors in a research note. Argus adds that Sun Life offers a clean balance sheet and a commitment to shareholder returns through consistent dividend hikes.
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