Q: Hi, Sunlife stock sold off, over past few days. Do you have any concerns ? Is it a good entry point for a new position or to add ? Thanks
5i Research Answer:
SLF has declined for nine straight days, but is up about 2% YTD, more or less in line with the TSX. Its 2Q was above expectations, even with slower US growth. But there has been no recent negative news. Two brokers lowered their target prices about nine days ago. We think it remains attractive, with a buy level in the $63 range on any more weakness.