The Globe and Mail reports in its Thursday, June 19, edition that RBC Dominion Securities analyst Bart Dziarski rates IGM Financial "sector perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dziarski set a share target of $46. Analysts on average target the shares at $49.20. Mr. Dziarski says in a note: "Our 'sector perform' rating on IGM is predicated on a more cautious view of the asset management space, driven by an uncertain macro outlook, market volatility and persistent fee pressure. IGM's current valuation does not compensate investors for our cautious stance, in our view. IGM has completed turnarounds at both its Wealth Management (IG WM) and Asset Management (Mackenzie) businesses which has helped stabilize net flows (particularly at IG WM). With the repositioning now complete, IGM is focused on new growth opportunities driven by strategic investments within both its IG WM (e.g. Wealthsimple, Rockefeller) and Mackenzie (e.g. ChinaAMC, Northleaf) businesses. IGM has an attractive 5-per-cent dividend yield which we view as sustainable."