RBC Capital lowered the firm’s price target on Sun Life Financial (SLF) to C$84 from C$88 and keeps an Outperform rating on the shares. The company’s Q2 results were in line with ur expectations though weakness in the U.S. and Asset Management was disappointing, the analyst tells investors in a research note. Sun Life is still on track to provide good results this year and in comparison to its peers is better than average on many year-to-date profitability metrics, the firm added.
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