The Globe and Mail reports in its Tuesday, Aug. 12, edition that Scotia Capital analyst Phil Hardie continues to rate Fiera Capital "sector perform." The Globe's David Leeder writes that Mr. Hardie gave his share target a 50-cent boost to $8. Analysts on average target the shares at $7.25. Mr. Hardie says in a note: "The second quarter results were much more quiet than the drama-filled first quarter that saw 1) a leadership transition, 2) a major pivot in capital priorities with a 50-per-cent dividend cut, and 3) elevated outflows likely representing the last of major expected redemptions from PineStone. We think this moved several lingering investors into the rearview mirror with evolving focus now shifting toward execution leading to renewed operational momentum. Management has progressed through a strategic transition with a greater focus on more profitable private markets and higher-value public equity strategies as a source of growth. We think key delivery points for management to drive the stock will need to include: 1) positive flows into key growth areas, 2) margin expansion through cost control, and 3) debt reduction. We were pleased with the cost control demonstrated in the second quarter."