The Globe and Mail reports in its Friday, Aug. 8, edition that Scotia Capital analyst Phil Hardie is sticking with his "sector perform" recommendation for IGM Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie raised his share target to $57 from $56. Analysts on average target the shares at $51.17. Mr. Hardie says in a note: "IGM reported a strong second quarter that saw strengthening earnings momentum providing yet another data point that growth is taking hold and that the company is well positioned as operating conditions improve. The quarter saw record high AUM&A and improved sales trends. IGM's strategic investments were also a highlight as they helped accelerate earnings growth and also saw a rise in value." The Globe reported on Nov. 8 and April 25 that Mr. Hardie rated IGM Financial "sector perform." The shares could then be had for $44.38 and $42.96.