The Globe and Mail reports in its Friday, Aug. 16, edition that Scotia Capital analyst Meny Grauman has reaffirmed his "sector outperform" recommendation for Sagicor Financial. The Globe's David Leeder writes that Mr. Grauman trimmed his share target by $1 to $9. Analysts on average target the shares at $8.83. Mr. Grauman says in a note: "We have a mixed view of Sagicor's Q2 result as lower core EPS and CSM guidance for 2024 is balanced out by a core EPS beat in Q2 (despite a miss in the U.S. segment), and a meaningful expansion of the company's financial disclosures. Expanded disclosure including a formal core earnings measure and a drivers of earnings schedule both on a consolidated and segmented basis is an important milestone for the company, and will help investors both interpret and forecast results. Although the lower guidance for 2024 is backward looking, it still drives downward revisions in our estimates. That said, we remain bullish on this name especially in light of the recent refinancing of a portion of the debt that the company took on to finance the ivari transaction. That action will now allow Sagicor to deploy more capital in the U.S. in order to ramp up production in its U.S. annuities business."