The Globe and Mail reports in its Friday, Nov. 18, edition that Canaccord Genuity analyst Gabriel Dechaine continues to rate Industrial Alliance Insurance and Financial Services ($55.63) "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Dechaine is also sticking with his $53 share target. Analysts on average target the shares at $54.50. Mr. Dechaine says a rising rate environment "bodes well" for Canadian lifecos. However, Mr. Dechaine says a large portion of that upside has already been priced into the sector's stocks. He says investors "need to manage their expectations, especially as it relates to the timing of rate-driven earnings upside." He says in a note: "Canadian lifeco stocks have soared in recent months, due in no small part to the post-Trump election surge in bond yields. Following this unexpected outcome, long bond yields (i.e. 10-plus year duration) have risen 20-40 basis points in Canada and the U.S., bringing the total increase in yields to 45-60 bps since the start of the fiscal quarter. We believe, however, that this sharp rally reflects not only the rise in yields we've already seen, but the anticipation of additional upside."