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iA Financial Price Target Lowered to $180.00 at CIBC After Q1 Earnings

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-- CIBC has lowered its price target on the shares of iA Financial (IAG.TO) by $4.00, to $180.00 after the company reported a mixed first quarter.

Analyst Paul Holden, who is maintaining a neutral rating on the company, also lowered 2026 and 2027 EPS estimates by ~1% each due to a higher tax rate.

Insurance experience was negative during the quarter, but earnings in the wealth management business was strong, increasing 24%, on the back of strong AUM growth, he noted. "We expect strong earnings growth will continue and model 13% growth in 2026," Holden said.

iA Financial also reported mixed results for the Canadian segment, while U.S. segment core earnings declined 13%.

Price: $161.26, Change: $+2.05, Percent Change: +1.29%

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