The Globe and Mail reports in its Friday, Aug. 8, edition that TD Cowen analyst Graham Ryding continues to rate IGM Financial "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ryding gave his share target a $2 boost to $57. Analysts on average target the shares at $52.50. Mr. Ryding says in a note: "Adjusted EPS of $1.07 was comfortably above us and consensus, and up 15-per-cent year-over-year. Wealth adjusted net earnings were up 20-per-cent year-over-year, asset management was up 8 per cent, and strategic investments were up 12 per cent year-over-year. We are encouraged with management's appetite for buybacks, improving trends within the core entities and strategic investments." The Globe reported on Nov. 8, April 25 and Aug. 8 that Scotia Capital analyst Phil Hardie rated IGM Financial "sector perform." The shares could then be had for $44.38, $42.96 and $47.34.
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