RBC Raise TargetRBC’s Scott Heleniak raised his Fairfax Financial Holdings Ltd. ( target to US$1,425 from US$1,325 with an “outperform” rating. The average is $1,950 (Canadian). “We are reducing our 2024 EPS estimate to US$133.40 (from US$138.00) to factor in higher-than-modeled Q3 catastrophe loss assumptions,” he said. “We now assume US$450-milllion in Q3 cat losses (7.1 loss ratio points), up just over US$125-million from our previous forecast. We expect Fairfax to have exposure to several international cat events including Canadian events, U.S. hurricanes, and Asia/European storms. Our 2025 EPS estimate of US$154.00 remains unchanged.”