Sun Life Financial (TSE:SLF) Price Target Raised to C$83.00 at Jefferies Financial Group

Sun Life Financial (TSESLF) is a leading provider of insurance and wealth management solutions in Canada and internationally. On August 12, 2021, Jefferies Financial Group raised its price target for TSESLF from C$75.00 to C$83.00. This indicates that the investment firm believes that the stock is undervalued and has the potential for growth in the near future.

Jefferies Financial Group is a global investment bank and financial services company headquartered in New York City. The firm provides a range of services, including equity research, mergers and acquisitions advisory, debt capital markets, and private wealth management.

The price target increase for TSESLF reflects the company's strong financial performance and growth prospects. In its second quarter 2021 earnings report, Sun Life Financial reported net income of C$1.4 billion, up from C$967 million in the same period last year. The company also saw strong growth in its insurance business, with net premiums written increasing by 8% year-over-year.

In addition to its strong financial performance, Sun Life Financial has a number of growth opportunities, including expansion into new markets and the continued growth of its wealth management business. The company has also been investing heavily in technology to improve its operations and better serve its customers.

Overall, the price target increase for TSESLF reflects Jefferies Financial Group's confidence in the company's ability to continue growing and delivering strong financial results.