Sun Life falls after revising US dental business forecast

Sun Life Financial

08/08/2025 16:35

** Shares of Canada's Sun Life SLF.TO fall down 7.4% to C$78.28

** Company says it will miss a 2025 profit target for its dental business in the U.S., as uncertain Medicaid funding results in slower negotiations with states on coverage rates and higher Medicaid claims

 ** On Thursday, the company reported underlying EPS of C$1.79, compared with analysts’ average estimate of C$1.78 - data compiled by LSEG

** Eight of 14 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; median PT is C$90 - data compiled by LSEG

** Including session's moves, shares down ~8.5% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))