Sun Life Financial price target raised to C$82 from C$78 at RBC Capital

RBC Capital raised the firm’s price target on Sun Life Financial (SLF) to C$82 from C$78 and keeps an Outperform rating on the shares. The company had a stronger than expected quarter with strength in the U.S. segment and better than anticipated U.S. dental results that had bounced back to a profit in Q3, and RBC sees a good setup for 2025 as Sun Life reprices dental premiums and with lifeco having “solid capital” that is being returned to shareholders via buybacks, the analyst tells investors in a research note.