- iA Financial Corporation Inc IAG IAFNF price target has been reduced to C$86 from C$96 by RBC Capital analyst Darko Mihelic to account for higher risk in the current environment.
- The analyst maintained the Outperform rating on the shares.
- Mihelic mentioned that analysts have significantly reduced the 2022 core EPS estimate following the quarter, but the 2023 core EPS estimate only moves slightly lower.
- The analyst believes IAG will miss 2022 guidance but views the negative stock price reaction as overdone and already discounting this probability.
- Price Action: IAG shares are trading higher by 7.81% at C$64.09 on TSX on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsMoversTrading IdeasBriefsCanadawhy it's moving
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
