The Globe and Mail reports in its Friday edition that Scotia Capital's Meny Grauman is sticking with his "sector perform" recommendation for iA Financial. The Globe's David Leeder writes that Mr. Grauman gave his share target a $3 trim to $40. Analysts on average target the shares at $143.13. Mr. Grauman says in a note: "iA Financial remains at the bottom of our pecking order even after a solid Investor Day. iA Financial is still the best-performing Canadian lifeco over the past 6 months, and this outperformance is a key reason why we see more upside across the peer group. We continue to view the lifeco's $1.4-billion in pro forma deployable capital as a key strength, but the outlook for M&A in the U.S. dealer services business is now highly uncertain again given the Canada/U.S. trade war that will likely hit the auto business particularly hard, although details here change daily. Meanwhile, management has been clear that buyback activity should continue to slow given the run-up in the shares." The Globe reported on Feb. 4 that Mr. Grauman continued to rate iA Financial "sector perform." In the item Mr. Grauman said, "iA Financial is the best-performing Canadian lifeco." Its shares could then be had for $130.62.