03:55 PM EDT, 05/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by USD9 to USD67. Our revised target price assumes SLF shares trade at 12.5x our 2025 operating EPS estimate of USD5.38 (CAD7.45 converted at the May 22, 2025 spot price) and at 11.8x our 2026 EPS estimate of USD5.70 (CAD7.90). These multiples compare to SLF's three-year average forward multiple of 10.4x and a peer average of 9.8x. We applaud SLF's Q1 2025 results, including operating EPS of CAD1.82 that matched our above-consensus forecast, on 9.3% higher revenues (vs our 6%-10% revenue growth forecast for 2025 and 2026). All segments posted improved results, with asset management profits up 24% (despite some mixed fund flow trends). Earnings in Canada were up 21% Y/Y, while profits in the U.S. rose 16% and operating earnings in Asia advanced 11%. We think these results will help support SLF's premium valuation, versus peer and historical averages. We think the shares are fairly valued but worth holding, given these results and the shares' current yield of 4%.