Argus Research Keeps Their Buy Rating on Sun Life Financial (SLF)We are reiterating our BUY rating on Sun Life Financial Inc. (NYSE: SLF), however, lowering our target price to $65 from $70. We believe that SLF is attractively valued based on consistent solid earnings and above-peer-average ROE. The stock was down significantly post-earnings on institutional outflows. The company is diversified with Canadian, U.S., and Asian insurance operations, as well as a money management arm. Sun Life has made several acquisitions that have boosted EPS and will continue to look for M&A opportunities. It has a clean balance sheet and a commitment to shareholder returns through consistent dividend hikes. On valuation, we believe that this well-run company deserves to trade at a premium compared to peers based on its solid balance sheet, focus on growth through acquisitions, and diversified business portfolio.