iA Financial downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank analyst Mike Rizvanovic downgraded iA Financial (IAFNF) to Sector Perform from Outperform with an unchanged price target of C$188. The company’s Q4 results were “underwhelming” relative to peers and well below consensus expectations, the analyst tells investors in a research note. The firm sees the stock remaining under a pressure in the absence of any near-term catalysts.