The Globe and Mail reports in its Tuesday, July 25, edition that Scotia Capital analyst Phil Hardie has reaffirmed his "sector outperform" ranking for Fairfax Financial Holdings. The Globe's David Leeder writes that Mr. Hardie's share target soared $150 to $1,500. Analysts on average target the shares at $1,355.08. Mr. Hardie calls Fairfax one of his "top picks." He says he sees "solid upside" despite a strong start to the year. Mr. Hardie says in a note: "We view Fairfax as an attractive opportunity with the current valuation likely not reflecting the company's earnings power. We believe the stock should garner a sustainable rerate on the back of the organic expansion in its insurance operations. ... The company is likely well positioned for the current rate environment. ... Further, given its value investing approach, we think it has the potential to continue to generate outsized investment returns -- even against a backdrop of more modest equity market returns. ... [We] believe FFH is well-positioned to successfully navigate the current environment and remains one of our top value ideas for 2023." The Globe reported on May 24 that National Bank rated Fairfax "outperform" when it could be had for $956.82.