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.
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