RBC Capital initiated coverage of Fairfax Financial (FRFHF) with an Outperform rating and $2,050 price target The firm names the stock its “top value pick” and believes that its valuation discount relative to its peers will narrow as Fairfax continues to consistently deliver solid underwriting and investment results, the analyst tells investors in a research note. Fairfax’s investment portfolio has been re-positioned to take advantage of the current interest rate environment, driving improving investment performance, the firm added.
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