The Globe and Mail reports in its Tuesday, Jan. 20, edition that RBC Dominion Securities analyst Darko Mihelic has reaffirmed his "sector perform" recommendation for Great-West Lifeco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mihelic has an unchanged $60 share target on Great-West. Analysts on average target the shares at $66.40. Mr. Mihelic says in a note: "Our base EPS estimate remains relatively unchanged and we expect Great-West's base EPS to decrease 5 per cent quarter-over-quarter but increase 6 per cent year-over-year. We expect a QoQ decrease in its base EPS as we expect lower insurance experience gains QoQ. We mostly update our estimates for higher U.S. pretax retirement base earnings, partially offset by lower estimates in Canada. We also increase our expected credit loss (ECL) charge estimates to reflect the normal range of quarterly ECLs expected by Great-West." The Globe reported on April 16 and Jan. 6 that Mr. Mihelic had reaffirmed his "sector perform" call on Great-West when it was going for $52.12 and $67.39.