RBC Capital initiated coverage of Intact Financial (IFCZF) with a Sector Perform rating and C$329 price target The company’s solid long-term track record of strong execution and defensive attributes drive the stock’s currently elevated valuation, which is warranted, the analyst tells investors in a research note. Intact is a core holding for many investors and will remain so, but the firm remains on the sidelines waiting for a better entry point, RBC added.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IFCZF:
- Intact Financial Completes $2.9 Billion Note Amendment
- Intact Financial price target raised to C$318 from C$305 at Scotiabank
- Intact Financial Seeks Amendments to $2.9 Billion Medium-Term Notes
- Intact Financial’s Earnings Call: Mixed Results and Optimistic Outlook
- Intact Financial price target raised to C$315 from C$300 at CIBC