Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

RBC Capital Cuts iA Financial Price Target By ~10%

RBC Capital IAG TSX Environment
  • iA Financial Corporation Inc (TSX:IAG) (OTC:IAFNF) price 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
“I looked back, and Paul's got one of my guitars, and he's kind of messing around with it, right? And I'm mixing, so I said, 'Well, if you're going to be in here, why don't you help me mix this?'”: Richie Sambora on the day he met Paul McCartney
Beatle legend helped mix a track on Bon Jovi live album
MusicRadar
MusicRadar
“Very Creepy”: Katy Perry Fan Sparks Fury By Pulling Her Hair Extension And Allegedly Framing It
“I’d sell it and then never need to work again." The post “Very Creepy”: Katy Perry Fan Sparks Fury By Pulling Her Hair Extension And Allegedly Framing It first appeared on Bored Panda.
Bored Panda
Bored Panda
As Arcane nears its end, its creators tease the Black Rose is still 'an integral part of season 2', but they won't confirm if the group is the hit Netflix show's main villain
Arcane's showrunners haven't ruled out the possibility of some Black Rose members making physical appearances in season 2's last three episodes.
TechRadar
TechRadar
As AI and megaplatforms take over, the hyperlinks that built the web may face extinction
The original idea for the world wide web emerged in a flurry of scientific thought around the end of World War II. It began with a hypothetical machine called the “memex”, proposed by US Office of Scientific Research and Development head Vannevar Bush in an article entitled As We May…
The Conversation
The Conversation
Beyonce to Perform Halftime Show of Netflix's NFL Ravens-Texans Christmas Day Game
Beyonce will be giving a performance at halftime during the Christmas Day clash between the Houston Texans and Baltimore Ravens, streamed on Netflix.
Sports Illustrated
Sports Illustrated
These are the five most-hated side dishes to avoid this Thanksgiving
From cranberry sauce to pecan pie, don’t waste your time making these Thanksgiving side dishes this year
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play