The Globe and Mail reports in its Wednesday, Aug. 13, edition that TD Cowen analyst Graham Ryding has boosted his recommendation for Canaccord Genuity Group to "buy" from "hold." The Globe's David Leeder writes that Mr. Ryding hiked his share target by $2 to $12. Analysts on average target the shares at $12.13. Mr. Ryding says in a note: "We apply a more constructive view on the wealth management assets. We note that the recently announced acquisition of a Canadian wealth competitor implies a multiple of 1.5 per cent of AUA and 11.2 times EV/EBITDA (pre-synergies). Although organic growth within the U.K. platform is somewhat muted (0.9-per-cent flows rate in F2025), we note that Q1/F26 pretax earnings ($30-million) and EBITDA (21.1-million pounds) were a record. Our $12 target price implies what we view as a conservative 9.2 times on run-rate wealth EBITDA from both platforms. We continue to forecast an improvement in capital markets activity. Our outlook implies pretax earnings of $47-million in F2026 and $56-million in F2027 (vs. $44-million in F2025). Despite the soft Q1/F26 capital markets results, management noted a solid M&A advisory pipeline and potential for corporate finance activity to pick up."