iA Financial downgraded to Hold from Buy at TD Securities

TD Securities downgraded iA Financial (IAFNF) to Hold from Buy with a price target of C$190, down from C$193, after core EPS was lower than expected and U.S. results were softer. While “this was a good quarter,” the firm expected IAG to easily beat estimates after delivering a very weak Q4 result and the firm sees better upside in large cap insurers post Q1, the analyst tells investors.