May 10, 2017 / 2:11 PM / 4 months ago

BUZZ-Sun Life Financial Inc: Touches 6-month low on profit miss

** The insurer’s shares fall 6 percent to a 6-month low of C$45.94

** Co posts smaller-than-expected profit on Tuesday, hurt by weak growth in U.S. market

** Co has not topped analysts’ profit estimates since the third quarter of 2016.

** “Overall, a relatively ‘light’ quarter but may perhaps be the low point of the year,” analysts at RBC Capital Markets write in a note.

** Credit Suisse cuts rating on co’s stock to neutral from outperform

** 6 of 15 brokerages rate the stock “buy”, 8 “hold” and 1 “sell”; their median PT is C$54

** TD Securities cuts price target on stock to C$49 from C$53

** Up to Tuesday’s close, stock had gained nearly 16 pct over the past year on the Toronto Stock Exchange

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