The Globe and Mail reports in its Friday, May 2, edition that Scotia Capital analyst Meny Grauman has reaffirmed his "sector outperform" recommendation for Sun Life Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Grauman gave his share target a $4 trim to $90. Analysts on average target the shares at $87.67. Mr. Grauman says in a note: "We also maintain our 'sector outperform' rating on Sun Life Financial, but it remains our third-place pick behind Manulife Financial and Great-West Lifeco. The lifeco's new ROE target of 20 per cent is peer-leading, but the market is beginning to view it as more of a challenging goal than something that is easily achievable. In the near-term the lifeco's outsized exposure to wealth and asset management will be a headwind, as will performance in its U.S. stop-loss business which we expect to be under pressure again in Q1. Overall, we don't believe that performance here is structurally challenged, but certainly Sun Life's U.S. business is proving to be an unexpected source of earnings volatility." The Globe reported on Oct. 31 and Nov. 15 that Mr. Grauman continued to rate Sun Life "sector outperform." The shares were then going for $78.61 and $85.95.