RBC Capital Maintains Outperform on Sun Life Financial, Lowers Price Target to C$76
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Darko Mihelic has maintained an 'Outperform' rating on Sun Life Financial (TSX:SLF) but lowered the price target from C$79 to C$76.
August 10, 2023 | 2:07 pm
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Sun Life Financial's price target has been lowered by RBC Capital from C$79 to C$76, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100