Sun Life falls after revising US dental business forecast

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