November 10, 2016 / 5:27 PM / in a year

BUZZ-Sun Life Financial Inc: Hits highest since financial crisis

** Canadian insurer’s shares rise as much as 9.7 pct to C$50.84, their biggest intraday pct gain since March 2009 and highest since May 2008

** Posts better-than-expected Q3 earnings, fueled by strong growth in the United States and Canada

** Says potential changes to Obamacare post-Trump election win would have minimal and indirect

** More than 1.8 mln shares traded, nearing 2x their 30-day moving avg

** At least 3 brokerages raise PT on stock; median PT $47.50 vs $46 a month ago

** Of 16 brokerages, 12 rate stock “buy” or higher, 3 rate “hold” and 1 “sell” or lower

** Growth in Asia and Canada should help maintain earnings momentum beyond Q3 - Canaccord Genuity analysts

** Up to Wednesday’s close, stock had climbed 3.3 pct in the past 12 months vs. 1.7 pct decline in S&P TSX Insurance index

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