The Globe and Mail reports in its Wednesday, July 26, edition that CIBC World Markets analyst Nik Priebe has reaffirmed his "outperformer" recommendation for Fairfax Financial Holdings. The Globe's David Leeder writes that Mr. Priebe's share target soared by $100 to $1,300. Analysts on average target the shares at $1,371.74. Mr. Priebe says in a note: "When Fairfax reports Q2 results, we expect the company to announce a modest step-up in run-rate dividend and interest income related to the recent acquisition of a real estate construction loan portfolio from Pacific Western Bank. The net pickup on the annualized runrate is expected to be approximately $120-million (U.S.) (versus a previous run-rate of $1.5-billion (U.S.)). Separately, on May 10, Brit completed the sale of Ambridge. We are modeling a $255-million (U.S.) pretax gain, which is consistent with management guidance and should not be a source of an earnings surprise. Public equity and bond markets were mixed in the quarter, but Fairfax's share price was up 13 per cent (in USD) which should drive a gain for the total return swaps on Fairfax subordinate voting shares. In our view, a key catalyst for shares of FFH in 2023 could be a benign CAT season."