The Globe and Mail reports in its Wednesday, Nov. 1, edition that TD Securities analyst Graham Ryding has reaffirmed his "buy" recommendation for Power Corp. of Canada. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Ryding is scaling back his share target on Power Corp. of Canada but is still bullish. He cut his share target to $40 from $43. Analysts on average target the shares at $42.43. Despite the share price cut, Mr. Ryding says he remains bullish on the stock. TD is now using a lower price-to-earnings multiple in its target price to reflect recent market volatility and multiple compression for financials. However, Mr. Ryding says momentum is strong for Power Corp.'s alternative asset management platform, and the stock has defensive qualities that should support valuation. He also expects further share buybacks. The Globe reported on July 26 that CIBC World Markets analyst Nik Priebe had reaffirmed his "neutral" recommendation for Power Corp. of Canada. The shares could then be had for $27.24. The Globe reported on Aug. 15 that RBC Capital Markets analyst Geoffrey Kwan continued to rate Power Corp. of Canada "sector perform." The shares were then worth $38.24.