The Globe and Mail reports in its Friday, Feb. 9, edition that RBC Dominion Securities analyst Darko Mihelic has reaffirmed his "outperform" recommendation for Sun Life Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mihelic boosted his share target by a loonie to $77. Analysts on average target the shares at $74.92. Mr. Mihelic tweaked his share target after Sun Life posted stronger-than-anticipated fourth quarter results. Mr. Mihelic says in a note: "Although Canada results were good, we think experience should normalize (lower), and at the same time, we believe U.S. results can improve as redeterminations ease and dental earnings improve. We think that wealth earnings are 'fine' and somewhat dependent on equity markets. Asia results were a little weak relative to our estimates, but even here, we think that stronger growth can occur later in 2024 as negative experience fades. Manjit Singh will transition from CFO to president of SLF Asia, so it may be that we see a strategic 'refresh' in Asia by the end of 2024. All in, the diversified nature of SLF's business helps keep solid EPS growth/ROE expectations as some segments will normalize in different directions in 2024."