05:40 AM EDT, 05/11/2026 (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 lift our 12-month target price by CAD7, to CAD103, valuing SLF shares at 12x our '27 adjusted EPS estimate of CAD8.50, (lowered today from CAD865) and at 13x our '26 EPS estimate of CAD7.90 (lowered from CAD7.95), versus the three-year average forward multiple and the peer average of 11x. We lower our '26 operating revenue forecast to a rise of 2% to 5% (down from 5% to 9%), and see 3% to 6% revenue growth in '27. Q1 2026 underlying EPS of CAD1.89, up 4% Y/Y, matched the consensus but missed our CAD1.93 estimate. Results were impacted by CAD310M in one-time charges, including CAD165M for SLC Management acquisitions and the CAD145M legal settlement. Asia net income rose 17% Y/Y to CAD216M, due to strong Hong Kong sales momentum and 41% growth in individual insurance sales. Canada delivered solid 7% Y/Y growth in underlying net income to CAD370M, supported by higher fee income from AUM growth. Asset management results were mixed with underlying net income declining 7% Y/Y to CAD363M.