The Globe and Mail reports in its Friday, Nov. 7, edition that National Bank Financial analyst Gabriel Dechaine has reaffirmed his "sector perform" recommendation for Great-West Lifeco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dechaine boosted his share target by a loonie to $59. Analysts on average target the shares at $61.18. Mr. Dechaine says in a note: "Great-West Lifeco has been surprising investors this year with a hitherto unseen level of buyback activity. This trend should continue, with Great-West announcing another $500-million share buyback commitment, the third such announcement this year. Total repurchases under the additional commitment will represent approximately 1 per cent of Great-West's total shares outstanding. We do not view buybacks as an impediment to Great-West's broader capital deployment strategy, which includes M&A. We continue to expect it to pursue further consolidation in the U.S. retirement industry, in which it is already a scale player." The Globe reported on Aug. 1, 2024, Oct. 25, 2024, Jan. 16, 2025, and May 9, 2025, that Mr. Dechaine kept Great-West at "sector perform." It was then worth $41.47, $47.01, $45.99 and $52.21.
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