The Globe and Mail reports in its Wednesday, Feb. 26, edition that CIBC World Markets analyst Paul Holden has reaffirmed his "outperformer" recommendation for Sun Life Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Holden cut his share target back by a loonie to $94. Analysts on average target the shares at $89.42. Mr. Holden says in a note: "Q4 results for the group in general were quite strong. Every lifeco is sitting on excess capital, and valuation multiples are reasonable. Yet, the average stock return YTD is negative (Great-West Lifeco is the only stock up YTD). With tariff risk, we think it is an appropriate time to shift a little money from banks into lifecos. We have outperformer ratings on Sun Life Financial, iA Financial and Great-West Lifeco." The Globe reported on May 1 that Mr. Holden had reaffirmed his "outperformer" recommendation for Sun Life Financial. The shares were then going for $70.84. The Globe reported on Feb. 14 that National Bank Financial analyst Gabriel Dechaine had reiterated his "outperform" recommendation for Sun Life Financial. The shares could then be had for $78.20.