The Globe and Mail reports in its Tuesday edition that Desjardins Securities analyst Doug Young expects "decent" fourth quarter 2015 results for Canadian lifecos, including Industrial Alliance Insurance and Financial Services ($39.05). The Globe's David Leeder writes in the Eye On Equities column that Mr. Young notes that it has been a "tough start" for the sector, with the group down 8.1 per cent over the first two weeks of 2016. Mr. Young says his macro view "remains constructive," but he acknowledges an "increased macro risk." He continues to rate Industrial Alliance "buy." Mr. Young lowered his share target to $48 from $49. Analysts on average target the shares at $47.20. Mr. Young says, "Whereas capital deployment was the main theme for the lifecos in 2015, we view management execution as the focal point over the next 12-24 months." NexGen Financial's Jeff Young was bullish on Industrial Alliance in The Globe on Aug. 14, 2015. The shares were then worth $43.07. The Globe's Ian Tam said Industrial was reasonably priced in the Number Cruncher column on Oct. 29, 2015. The shares were then worth $42.53. Mr. Tam recommended Industrial again on Nov. 19, 2015. The shares could then be had for $42.62.