Price Targets for Life Insurance Cos

Great-West Lifeco
• BMO Capital Markets maintains "outperform," 12-month target price is $40.00
• Desjardins Securities maintains "buy," 12-month target price is raised to $40.75 from $36.00
• National Bank Financial maintains "underperform," 12-month target price is raised to $37.00 from $36.00
• Scotia Capital maintains "sector outperform," 12-month target price is $40.00
• TD Newcrest maintains "hold," 12-month target price is raised to $37.00 from $36.00

Manulife Financial Corporation
• BMO Capital Markets maintains "market perform," 12-month target price is $44.00
• Desjardins Securities maintains "top pick," 12-month target price is raised to $48.00 from $41.00
• GMP Securities maintains "buy," 12-month target price is raised to $47.00
• Genuity Capital Markets downgrades to "hold" from "buy," 12-month target price is $45.00
• Scotia Capital maintains "sector outperform," 12-month target price $43.00
• TD Newcrest maintains "buy," 12-month target price is $44.00
• UBS maintains "buy," 12-month target price is raised to $46.00 from $44.00

Sun Life Financial Inc.
• BMO Capital Markets maintains "outperform," 12-month target price is $57.00
• CSFB maintains "outperform," 12-month target price is raised $57.00 from $55.00
• Desjardins Securities maintains "buy," 12-month target price is raised to $56.00 from $52.00
• GMP Securities Securities maintains "buy," 12-month target price is $57.50
• National Bank Financial maintains "sector perform," 12-month target price is raised to $57.00 from $54.00
• Scotia Capital maintains "sector outperform," 12-month target price is raised to $58.00 from $55.00
• TD Newcrest upgrades to "buy" from "hold," 12-month target price is raised to $58.00 from $55.00

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