The Globe and Mail reports in its Friday, Sept. 15, edition that Desjardins Securities analyst Doug Young has reaffirmed his "buy" recommendation and $225 share target for Intact Financial. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Young sees Intact Financial's $650-million acquisition of Direct Line Insurance Group's brokered U.K. commercial business as "slightly positive" after resuming coverage following a common share issuance. Mr. Young says in a note: "While this was not the big Canadian insurance or global specialty-insurance manufacturing acquisition that most were expecting, the deal is accretive, makes strategic sense and, more importantly, increases Intact's scale in the UK commercial lines market as well as the chances of a disposition of its UK personal lines business (a strategic review of this business is expected to be completed in 4Q23). The deal gives Intact scale in UK commercial lines, making it the No. 3 player in the market with approximately 7-per-cent market share. It also strengthens the small and medium-sized enterprise and mid-market platforms, while broadening its distribution network and expanding its product offering."