Price Targets for Life Insurance Companies

Great West LifeCo Inc.
• BMO Nesbitt Burns maintains "market perform," target price is $32.00
• Desjardins Securities maintains "hold," 12-month target price raised to $33.00
• National Bank Financial maintains "sector perform," target price is $31.50
• RBC Capital Markets maintains "sector perform," 12-month target price is $32.00
• Scotia Capital Markets maintains "sector outperform," 12-month target price is $33.00
• TD Newcrest maintains "hold," 12-month target price raised to $31.00

Industrial Alliance Insurance & Financial Services
• BMO Nesbitt Burns maintains "outperform," 12-month target price raised to $37.00
• Desjardins Securities maintains "buy," 12-month target price raised to $38.50
• National Bank Financial maintains "outperform," target price is $38.00
• RBC Capital Markets maintains "outperform," 12-month target price is $36.00
• Scotia Capital Markets downgrades to "sector underperform," 12-month target price raised to $34.00
• TD Newcrest maintains "hold," 12-month target price raised to $35.00
• UBS maintains "neutral," 12-month target price raised to $36.00

Manulife Financial Corp
• BMO Nesbitt Burns maintains "outperform," target price is $80.00
• Desjardins Securities maintains "top pick," target price is $84.00
• National Bank Financial maintains "sector perform," target price is $78.00
• RBC Capital Markets maintains "top pick," 12-month target price is $86.00
• Scotia Capital Markets maintains "sector outperform," 12-month target price is $77.00
• TD Newcrest maintains "Action List Buy," 12-month target price is $83.00

Sun Life Financial Inc.
• BMO Nesbitt Burns maintains "outperform," 12-month target price is $54.00
• Credit Suisse maintains "neutral," 12-month target price is $51.00
• Desjardins Securities maintains "top pick," 12-month target price raised to $55.00
• GMP Securities maintains "buy," 12-month target price is $56.00
• National Bank Financial maintains "outperform," 12-month target price cut to $54.00
• RBC Capital Markets maintains "sector perform," 12-month target price cut to $52.00
• Scotia Capital Markets maintains "sector perform," 12-month target price is $52.00
• TD Newcrest maintains "buy," 12-month target price cut to $54.00;