Fairfax Financial Holdings Ltd T.FFH

CIBC

[retiredcf]

Contrary to the statement,  FFH is the only one on the list to have its target raised. GLTA

Ahead of third-quarter earnings seasons for in Canada’s Diversified Financial sector, CIBC World Markets analyst Nik Priebe reduced his target prices for a series of stocks.

His changes included:

• CI Financial Corp. ( “neutral”) to $15 from $18. The average is $18.57.
• ECN Capital Corp. ( “neutral”) to $2.25 from $2.75. Average: $3.04.
• Fairfax Financial Holdings Ltd. ( “outperformer”) to $1,500 from $1,400. Average: $1,485.09.
• Fiera Capital Corp. ( “neutral”) to $5 from $7. Average: $6.93.
• First National Financial Corp. ( “neutral”) to $37 from $44. Average: $41.67.
• Goeasy Ltd. ( “outperformer”) to $150 from $170. Average: $172.
• IGM Financial Inc. ( “outperformer”) to $42 from $50. Average: $45.33.
• Power Corp. of Canada ( “neutral”) to $38 from $42. Average: $41.79.
• Trisura Group Ltd. ( “outperformer”) to $50 from $55. Average: $52.17.

[retiredcf]

This time they got it right. GLTA With long bond yields advancing higher and equity markets repricing lower, enthusiasm has waned for a number of our market-sensitive names and we are revising price targets lower for a variety of companies under coverage,” he said. “In the current environment, however, we feel our Outperformer rating on Fairfax has only strengthened.” Mr. Priebe’s target for