The Globe and Mail reports in its Friday, Nov. 8, edition that Scotia Capital analyst Phil Hardie continues to rate IGM Financial "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie raised his share target to $56 from $53. Analysts on average target the shares at $46.67. Mr. Hardie says in a note: "We think IGM's third quarter results demonstrate that growth is taking hold and the company is well positioned as operating conditions continue to improve. The quarter was characterized by record high AUM and AUA levels, improved sales momentum with only modest outflows, and positive operating leverage. Core EPS rose by double digits and came in 3 per cent ahead of street expectations but in line with our forecast. Stocks of asset and wealth managers such as IGM have enjoyed some renewed momentum as buoyant markets help drive asset levels and earnings, and valuation overhang reflecting the challenging operating environment for retail-oriented firms recedes. With industry-wide mutual fund flows improving following an extended period of redemptions, coupled with IGM's continued operating momentum we believe the company could revert back to positive net flows in the fourth quarter."