The Globe and Mail reports in its Friday, Feb. 13, edition that Jefferies analyst John Aiken has upgraded Great-West Lifeco to "buy" from "hold," following the release of "impressive" quarterly results. The Globe's David Leeder writes in the Eye On Equities column that Mr. Aiken gave his share target a $3 boost to $70. Analysts on average target the shares at $68.17. Mr. Aiken says in a note: "Great-West has developed a unique growth profile, taking a long-term view of its operations as it benefits from the stable ownership from its parent, Power Corporation. Great-West has historically shown greater resiliency to periods of economic stress, given a conservative approach to running its businesses and balance sheet. Further, after the sale of Putnam, Great-West has closed the door on a challenged part of its business and is no longer encumbered with the negative sentiment associated with its underperformance. Empower is a key driver for Great-West's growth moving forward; it is capital-light and can be used as a springboard for growth in its wealth operations, augmenting its Personal Capital platform." Mr. Aiken adds that he has "increased confidence in U.S. growth."