The Globe and Mail reports in its Thursday, Feb. 5, edition that National Bank Financial analyst Jaeme Gloyn rates Fairfax Financial Holding and Element Fleet Management "outperform," with a $3,200 and $50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target Fairfax Financial and Element Fleet shares at $2,887.54 and $41.50. Mr. Gloyn calls Fairfax and Element "core holdings." Mr. Gloyn says in a note: "Fairfax [is] top idea in P&C. Least affected by softer insurance cycle, huge excess cash and capital position will allow for buybacks and minority interest purchases that drive ROE higher, value continues to be underappreciated. Element Fleet's solid strategic execution continues to support double-digit EPS, FCF [and] dividend growth. Recent tech acquisitions like Autofleet and Car IQ will accelerate the digital transformation leading to revenue upside but more importantly, operating margin upside. [Element's] valuation is still extremely cheap at approximately 7-per-cent FCF yields vs. high quality peers trading sub-5 per cent.