CIBC Capital Markets raised its price target on Definity Financial (DFY.TO) to C$84 from C$74.
Analyst Paul Holden maintained a Neutral rating on shares of the Canadian property and casualty insurance company ahead of its Q2 results on July 30.
"We expect a solid quarter for DFY and have increased our EPS estimate given no CAT loss update has been issued," Holden said in a note to clients.
"We remain concerned that consensus estimates for 2027 might be too high in the context of soft market conditions," the analyst said.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)