The Globe and Mail reports in its Tuesday, May 2, edition that National Bank's Jaeme Gloyn has reaffirmed his "sector perform" recommendation for First National Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gloyn gave his share target a $2 bump up to $39. Analysts on average target the shares at $39.33 Mr. Gloyn says in a note: "While the predictably unpredictable funding mix helped drive the meaningful EPS beat, we view Q1 as a solid quarter in the face of extremely weak housing market (and origination) activity. Particularly given expanding securitization balances and NIM. But, not solid enough to move us off our 'sector perform' rating given a significant trading premium vs. Big Six banks. Overall, we expect the shares to trade favourably on Monday." The Globe reported on July 29 that Scotia Capital analyst Phil Hardie was maintaining his "sector perform" call on First National when it could be had for $37.14. The Globe reported on Oct. 26 and Feb. 17 that Mr. Gloyn had reaffirmed his "sector perform" recommendation for First National. The shares could then be had for $34.87 and $38.17.