CIBC Capital Markets adjusted its price targets on six Canadian diversified financial companies.
Analyst Nik Priebe raised his price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to $70 from $63 (Outperformer), ECN Capital Corp. (ECN.TO) to $3.50 from $2.50 (Neutral), and Fairfax Financial Holdings Ltd. (FFH.TO) to $2,400 from $2,200 (Outperformer)
Priebe lowered his target on Fiera Capital Corp. (FSZ.TO) to $9 from $11 (Neutral), Power Corp. of Canada (POW.TO) to $48 from $51 (Neutral), and Trisura Group Ltd. (TSU.TO) to $50 from $60 (Outperformer).
The analyst said the reporting cycle for CIBC's diversified group of companies begins on January 31.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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