Credit Suisse Maintains Outperform Rating for Sun Life Financial: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Credit Suisse has maintained its Outperform rating for Sun Life Financial (NYSE:SLF) but lowered its price target from $79.00 to $77.00. Sun Life Financial's shares are currently trading down 0.87% at $50.40 per share. A move to $77.00 would represent a 52.78% increase from the current share price.
August 10, 2023 | 5:00 pm
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Sun Life Financial's Outperform rating has been maintained by Credit Suisse, but the price target has been lowered to $77.00. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by Credit Suisse could lead to a decrease in the stock price in the short term as it may be interpreted by the market as a negative signal. However, the maintained Outperform rating indicates that the stock is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100