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RBC Capital Cuts iA Financial Price Target By ~10%

By Akanksha Bakshi
  • iA Financial Corporation Inc (TSX:IAG) (OTC:IAFNFprice target has been reduced to C$86 from C$96 by RBC Capital analyst Darko Mihelic to account for higher risk in the current environment.
  • The analyst maintained the Outperform rating on the shares.
  • Mihelic mentioned that analysts have significantly reduced the 2022 core EPS estimate following the quarter, but the 2023 core EPS estimate only moves slightly lower.
  • The analyst believes IAG will miss 2022 guidance but views the negative stock price reaction as overdone and already discounting this probability.
  • Price Action: IAG shares are trading higher by 7.81% at C$64.09 on TSX on the last check Friday.
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Dive Deeper:
RBC Capital Cuts Softchoice Price Target By 15%
RBC Capital analyst Paul Treiber lowered the price target for Softchoice Corp (TSX:SFTC) (OTC:SFTFC) to C$23 from C$27 while maintaining the Sector Perform rating on…
RBC Capital Cuts Equitable Group Price Target By ~6%
RBC Capital analyst Geoffrey Kwan lowered the price target for Equitable Group Inc. (TSX: EQB) (OTC: EQGPF) to C$80 from C$85. The analyst…
RBC Capital Cuts Stella-Jones Price Target By 7%
Stella-Jones Inc (TSX:SJ) (OTC:STLJF) price target has been lowered to C$40 from C$43 by  RBC Capital analyst Walter Spracklin. The analyst maintained the Sector Perform…
RBC Capital Cuts dentalcorp Price Target By 10%
dentalcorp Holdings Ltd (TSX: DNTL) price target has been lowered to C$18 from C$20 by RBC Capital analyst Douglas Miehm. The analyst has…
One subscription that gives you access to news from hundreds of sites
RBC Capital Slashes Cascades Price Target By 12%
Cascades Inc. (TSX:CAS) (OTC:CADNF) price target has been lowered to C$15 from C$17 by RBC Capital analyst Paul C. Quinn after the Q1 results. The…
RBC Capital Cuts Hudbay Minerals Price Target By 14%
RBC Capital analyst Sam Crittenden lowered the price target for HudBay Minerals Inc (TSX:HBM) (NYSE:HBM) to C$12 from C$14. The analyst maintained the Outperform rating…
Get all your news in one place