Morgan Stanley raised the firm’s price target on Sun Life Financial (SLF) to $85 from $78 and keeps an Equal Weight rating on the shares. The firm is updating its price targets on stocks under its coverage in the Life Insurance sector, the analyst tells investors. Morgan Stanley notes core results held up well and a rebound is expected to occur in 2H25. Overall, valuation is attractive for the sector, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLF:
- Sun Life Announces Conversion Privilege for Preferred Shares Series 8R and 9QR
- Sun Life Financial price target raised to C$88 from C$82 at RBC Capital
- Sun Life Financial price target raised to C$95 from C$89 at BMO Capital
- Sun Life Financial: Strong Performance and Future Potential Justify Buy Rating
- Sun Life Financial Elects New Board of Directors