The Globe and Mail reports in its Wednesday, Feb. 21, edition that RBC Capital Markets analyst Scott Heleniak is sticking with his "outperform" recommendation for Fairfax Financial Holdings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Heleniak raised his share target to $1,200 (U.S.) from $1,085 (U.S.). Analysts on average target the shares at $1,744.76 (Canadian). Mr. Heleniak continues to see shares of Fairfax Financial as "attractive at current levels" following "solid" fourth quarter results that saw "one of the company's better underwriting results in recent quarters as well as strong dividend and investment income." Mr. Heleniak says in a note: "Reserve releases were above normal in Q4 at a time when some peers are seeing weaker reserving while core margins remained healthy. Overall premiums were down albeit this was impacted by a few large non-renewals. Affiliate income was lower than in recent quarters. Share buybacks picked up in Q4 and the company recently raised its annual dividend. ... We believe the new price target is warranted considering our constructive underwriting and net investment income outlook for 2024 and given favorable multiples for P&C insurers in the sector."