The Globe and Mail reports in its Tuesday, Aug. 15, edition that RBC Capital Markets analyst Geoffrey Kwan continues to rate Power Corp. of Canada "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan boosted his share target by $4 to $45. Analysts on average target the shares at $42.44. Mr. Kwan says in a note: "Q2/23 EPS was ahead of our forecast primarily due to better-than-forecast investment income and gains from monetization, which can vary significantly quarter-to-quarter. Although not every transaction is material and the timing of transactions are hard to predict, Power Corp. continues to take steps to simplify its structure, surface value, etc. such that we think it is a much more attractive story today. The sheer number of changes in the past few years suggests Power Corp. is taking a very pro-active approach to create shareholder value. The shares trade at a 22-per-cent discount to NAV, narrower than its one-year average of 23 per cent and its five-year average of 26 per cent and also offers an attractive 5.5-per-cent dividend yield. We see the stock as appealing to income-oriented investors with a longer-term investment horizon."