The Globe and Mail reports in its Friday, Jan. 16, edition that TD Cowen analyst Mario Mendonca has reconfirmed his "buy" rating for Definity Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mendonca gave his Definity share target a $5 boost to $85. Analysts on average target Definity shares at $82.50. Mr. Mendonca continues to rate Intact Financial "buy," with an unchanged share target of $346. Analysts on average target Intact shares at $336.13. Mr. Mendonca says in a note: "While valuations have returned to levels more consistent with historical averages, we continue to favour Intact Financial over Definity Financial, reflecting Intact's broader market reach geographically, exposure to specialty, leading market position (and related scale advantages), track record of strong fundamental performance, and superior ROE profile. We are not comfortable assigning Definity a multiple in-line with Intact before Definity shows more progress on building its ROE profile, scaling its platform and successfully executing on the Travelers acquisition (which closed on Jan. 02, 2026)."