The Globe and Mail reports in its Friday edition that National Bank's Jaeme Gloyn continues to rate Fiera Capital "sector perform." The Globe's David Leeder writes that Mr. Gloyn jacked his share target ahead by a $1.50 to $7.50. Analysts on average target the shares at $7.54. Mr. Gloyn says in a note: "This is a healthy beat on revenues with good opex containment and balance sheet deleveraging. Moreover, reported earnings per share more closely aligned with adjusted EPS, confirming underlying strength in earnings. To nitpick, outflows remain significant while the revenue beat came from less predictable sources. Management also guided to continued flat opex growth (driving 30-per-cent-plus EBITDA margins in 2024) and improving FCF. As a result, our estimates and share price target move higher. We see continued upward momentum in the shares near term." The Globe reported on Oct. 27 that BMO Capital analyst Etienne Ricard had reaffirmed his "outperform" recommendation for Fiera. The shares were then going for $4.55. The Globe reported on Feb. 6 that Mr. Gloyn kept Fiera at "sector perform." It was then worth $7.31. The Globe reported on Feb. 9 that Desjardins said Fiera was "fairly valued." It was then worth $7.30.