- 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.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In:
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
