Multiple Raised Targets RBC’s Scott Heleniak raised his Trisura Group Ltd. target to $52 from $44 with an “outperform” rating. Other changes include: Desjardins Securities’ Doug Young to $53 from $48 with a “buy” rating and National Bank’s Jaeme Gloyn to $67 (a Street high) from $65 with an “outperform” rating. The average is $56.88.
“The [post-earnings conference call] tone was positive — management remains confident in their expectations for growth and profitability,” said Mr. Gloyn. “This messaging combined with strong Q1 results, run-off costs firmly in the rear-view mirror and an upgraded AM Best Outlook put Trisura on a path for a strong recovery year in 2024.”