The Globe and Mail reports in its Friday, March 21, edition that Scotia Capital analyst Phil Hardie is sticking with his "sector outperform" recommendation for Power Corp. of Canada. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie hiked his share target to $62 from $56. Analysts on average target the shares at $55.14. Mr. Hardie says in a note: "We think the fourth quarter results provide another data point that demonstrates the growing operational and earnings momentum across the Power Group. The company also supports our view that return of capital will remain a theme, with 9-per-cent dividend increase and continued share buyback activity. NAV/share growth was solid in 2024, rising 13 per cent, and has continued, having risen an additional 8 per cent year-to-date. Despite the recent rally in share price, we believe that Power Corp.'s NAV discount remains wide, and the combination of its discounted valuation and attractive dividend yield offers an attractive risk–reward and entry point for investors."