Sun Life Financial price target raised to C$88 from C$82 at RBC Capital

RBC Capital raised the firm’s price target on Sun Life Financial (SLF) to C$88 from C$82 and keeps an Outperform rating on the shares. The company’s results were stronger than expected across most segments, as the U.S. stop-loss experience improved from last quarter and Dental results reflected favorable claims experience, the analyst tells investors in a research note. Sun Life also continued to see net outflows in Q1 but at less than half of last quarter’s net outflows, the firm added.