The Globe and Mail reports in its Wednesday, July 9, edition that Barclays analyst Alex Scott upgraded Great-West Lifeco to "equal-weight" from "underweight" with a $56 share target, up from $47 and above the $55 average on the Street. The Globe's David Leeder writes in the Eye On Equities column that Mr. Scott downgraded Sun Life Financial to "underweight from "equal-weight" with an $82 share target, down from $86 and below the $90.09 average. Mr. Scott also raised his Manulife Financial target by $1 to $46, keeping an "equal-weight" ranking. The average is $48.58. Mr. Scott says in a note: "Equity market strength is lifting long-term earnings, interest rates remain high, and credit remains healthy. Against this backdrop, we're leaning into names with equity leverage and capital flexibility-upgrading Great-West Lifeco to 'equal weight,' favouring 'overweight' rated JXN and downgrading Sun Life to 'underweight' on emerging Medicaid dental."