The Globe and Mail reports in its Tuesday, Oct. 28, edition that National Bank Financial analyst Jaeme Gloyn has reaffirmed his "outperform" recommendation for Element Fleet Management. The Globe's David Leeder writes that Mr. Gloyn tweaked his share target ahead by $2 to $48. Analysts on average target the shares at $43.26. Mr. Gloyn remains "constructive" on the outlook for Canadian property and casualty insurers heading into third quarter earnings season "despite some segments of the market easing after several years of hard-market conditions and rotation into Canadian banks have weighed on shares in H2/25." Mr. Gloyn says in a note: "Several themes inform our still favourable view: i) continued firm conditions in personal lines, ii) little exposure in our coverage to areas experiencing more material softening in commercial lines, iii) healthy underwriting margins with rate increases exceeding loss-cost trends, iv) moderating claims inflation and improvements in key cost drivers, and v) readthroughs from U.S. commercial peers that point to sustainable profitability. Further, recent share price weakness has re-opened an attractive entry point on valuations that remain reasonable relative to ROE expectations."