Another Upgrade Ahead of the release of its quarterly results on May 11, Desjardins Securities analyst Doug Young raised his target for Intact Financial Corp. to $180 from $175 with a “buy” rating (unchanged). The average is $182.70.
“Two areas of interest for us: First, any surprises from COVID-19 claims, provisions or relief measures, specifically at its personal auto division, which provided further relief in 1Q21 (impact not quantified)? Second, any new commentary around the pending acquisition of RSA, which is expected to close in 2Q21? We increased our 2021 estimates,” said Mr. Young.