The Globe and Mail reports in its Tuesday, Feb. 11, edition that at least two banks raised their share targets on IGM Financial following the company's fourth quarter results. The Globe's Darcy Keith writes in the Eye On Equities column that BMO raised its share target price to $48 from $47, while TD Securities raised its target to $56 from $51. TD analyst Graham Ryding commented that the quarterly results were largely in line with expectations, but he saw "some encouraging momentum and fundamentals." He reiterated his "buy" recommendation. The TD analysts say in a note: "IG Wealth is flowing positively again, demonstrating traction with sales to higher net worth households, and mortgage/insurance sales. While Mackenzie retail flows remain negative, they are making progress with retail wealth partners, and notably won $4-billion of institutional mandates that are expected to fund in Q1/25." IGM Financial reported adjusted earnings per share of $1.05, in line with consensus estimates. Analysts on average target the shares at $51.83. The Globe reported on Nov. 8 that Scotia Capital analyst Phil Hardie continued to rate IGM Financial "sector perform." The shares could then be had for $44.38.