The Globe and Mail reports in its Friday, Feb. 21, edition that Desjardins Securities analyst Doug Young continues to rate iA Financial "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Young hiked his share target to $145 from $140. Analysts on average target the shares at $144.50. Mr. Young says in a note: "Core EPS was $3.04 vs our estimate of $2.85 and consensus of $2.80 -- a decent beat even if we exclude the 10-cent benefit from a lower-than-expected tax rate. Now, all eyes are on next Monday's investor day, where we expect iA Financial to update its medium-term targets, which would follow a trend laid out by peers. We increased our estimates and target price. Now, all eyes are on next Monday's investor day, where we expect iA Financial to update its medium-term targets, which would follow a trend laid out by peers. We increased our estimates and target price." The Globe reported on Feb. 23 and Oct. 11 that Mr. Young continued to rate iA Financial "hold." The shares could then be had for $85.46 and $117.37.
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