The Globe and Mail reports in its Wednesday, Feb. 21, edition that TD Securities analyst Graham Ryding has reaffirmed his "buy" recommendation for IGM Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ryding hiked his share target to $41 from $39. Analysts on average target the shares at $42.50. Mr. Ryding says in a note: "Q4/23 results were in-line after accounting for a mortgage-hedging-related charge. IGM flows continue to be weak, in line with industry trends. In contrast, strategic investments are generating strong asset growth (earnings contributions are mixed). Management continues to focus, and execute, on limiting expense growth. Although a near-term catalyst for the shares is not overly apparent, in our view, the 23-per-cent return to our $41 target price (up from $39 after rolling forward valuation) justifies our 'buy' rating." The Globe reported on Oct. 19 that Mr. Ryding continued to rate IGM Financial "buy." The shares were then going for $32.21. The Globe reported on Feb. 6 that National Bank Financial analyst Jaeme Gloyn continued to rate IGM Financial "outperform." The shares could then be had for $36.26.