The Globe and Mail reports in its Thursday, Oct. 31, edition that Scotia Capital analyst Meny Grauman has reaffirmed his "sector outperform" recommendation for iA Financial. The Globe's David Leeder writes that Mr. Grauman's share target soared $16 to $126. Analysts on average target the shares at $115.50. Mr. Grauman says in a note: "Our second favourite name in the space remains iA Financial. We continue to view the lifeco's $1.1-billion in deployable capital as a key strength. Its deployment is still an important potential catalyst for the shares, and despite disappointment surrounding the now closed Vericity deal, we were encouraged by the firm's July acquisition of two blocks of business issued by Prosperity Life in the U.S. We believe that the company was clear that we should expect more modest buyback activity going forward given the strong move in the stock price over the past three months, but at the same time at our conference we also heard a more optimistic outlook for future M&A even as we see a more robust recovery in the U.S. dealer business only likely for next year." The Globe reported on Aug. 2 that Mr. Grauman rated iA Financial "sector outperform." It was then worth $90.82.