The Globe and Mail reports in its Wednesday, May 3, edition that National Bank Financial analyst Jaeme Gloyn has maintained Fairfax Financial Holdings at "outperform." The Globe's David Leeder writes that Mr. Gloyn boosted his share target by $50 to $1,350. Analysts on average target the shares at $1,211.31. Mr. Gloyn calls Fairfax is his "top value idea." Mr. Gloyn has reaffirmed his "favourable" view on property and casualty (P&C) insurance providers. Mr. Gloyn says in a note: "We believe the sector remains well positioned for the near term given persistent hard market conditions, still lower inflationary pressures in Canada vs. the U.S., and two favourable book value per share drivers in Q1-23. ... Our pecking order shifts slightly as Fairfax moves to the top, followed by [Definity Financial, Trisura Group and Intact Financial.] While we remain long-term positive on one of our 2023 Top Picks, Trisura, we believe share price upside will be constrained near term as management proves out the stability and consistency of strong core operating performance. Thus, our top value idea Fairfax moves to the top while we believe Definity's near-term catalysts drive a more compelling relative valuation vs. Intact."