The Globe and Mail reports in its Thursday, Nov. 20, edition that CIBC World Markets analyst Scott Fletcher commenced coverage on IGM Financial with a "neutral" rating, touting "a diversified portfolio at a fair price." The Globe's David Leeder writes that Mr. Fletcher targets the shares at $61. Analysts on average target the shares at $62. Mr. Fletcher says in a note: "Following a period of consolidated net outflows across 2023 and 2024, net flows at IGM have recently returned to positive territory. We believe that momentum can be sustained, as Canadian consumer expectations support an improvement in household savings rates, a metric historically correlated with fund flows. We model industry net flows improving to 2 per cent over our forecast period, with IG Wealth continuing to perform in line with the industry on the strength of its high-net-worth targeting efforts, and Mackenzie's net flow improving but continuing to fall short of the industry given recent fund performance. IGM's strategic investments add intriguing exposure across the wealth and asset management ecosystem, but we don't believe that the fair value of the investments, individually or in aggregate, is materially dislocated from their carrying values."