Sun Life Financial price target raised to C$87 from C$85 at Barclays

Barclays raised the firm’s price target on Sun Life Financial (SLF) to C$87 from C$85 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”