The Globe and Mail reports in its Thursday, July 24, edition that Scotiabank analysts led by Phil Hardie released a new outlook for the diversified financials sector, which included a number of price target changes and an update on top picks. The Globe's Darcy Keith writes in the Eye On Equities column that Scotiabank analysts says in a note: "We continue to prefer stocks with relatively low valuations that offer attractive returns with upside driven by a combination of earnings, book value or NAV growth and dividend yields. We think valuation disparities are too wide to ignore and believe value-oriented names offer the biggest upside opportunities over the coming 12 to 18 months." Scotiabank says Power Corp. of Canada remains its top pick for 2025 and Trisura Group is its top small cap idea given an attractive risk-reward. Its share target on Power Corp. went to $59 from $57, while Trisura's share target was nudged up by $1 to $51. The Globe reported on June 19 that RBC Dominion Securities analyst Bart Dziarski rated Power Corp. "outperform" in new coverage. Power shares could then be had for $52.55. The Globe reported on June 19 that Mr. Dziarski rated Trisura "buy." Its shares were then going for $41.78.
© 2025 Canjex Publishing Ltd. All rights reserved.