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Credit Suisse Downgrades Sun Life Financial (SLF) to Neutral Amid Soft U.S. Results

May 10, 2017 6:54 AM EDT

Credit Suisse downgraded Sun Life Financial (NYSE: SLF) from Outperform to Neutral with a price target of C$52.00 (from C$56.00) following Q1 earnings miss on soft U.S. results.

Analyst Nick Stogdill notes unfavourable policyholder experience in the U.S. reduced EPS by ~$0.09... More