The Globe and Mail reports in its Tuesday, Aug. 12, edition that RBC analyst Bart Dziarski has lowered his recommendation for Power Corp. of Canada to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Dziarski hiked his share target to $58 from $57. Analysts on average target the shares at $60.43. Mr. Dziarski says in a note: "The stock has re-rated recently, driving approximately 600 basis points of alpha relative to the S&P TSX and S&P TSX Capped Financial indices, with the NAV discount narrowing to our 15-per-cent justified level. Accordingly, we are downgrading to 'sector perform' due to valuation. Power Corp. of Canada continues to be a strong capital return story with a 4.3-per-cent dividend yield (the lowest since Q3/21) and continued share repurchases (five million shares repurchased year-to-date) while maintaining multiple levers of growth (i.e. Sagard). ... We no longer see valuation upside potential from a narrowing NAV discount." On Thursday Power Corp. released its second quarter financial results, including adjusted diluted operating earnings per share of $1.36 that exceeded the analyst's $1.33 forecast as well as the consensus of $1.29.