Same story, slightly shinier wrapper
Desjardins didn’t exactly swing for the fences here. It raised its price target on iA Financial to C$174 from C$173 and left the rating at Hold, which tells you the firm likes the stock… just not enough to throw confetti.
What that means for investors
At the time of the note, iA Financial was trading around C$172.60, basically parked right under the new target like a car in the last legal spot on the street. That leaves roughly 0.81% upside, which is analyst-speak for “don’t expect a moon mission.”
The quiet confidence boost
There was one slightly more interesting wrinkle: insider buying. Ric Jobin bought 1,000 shares at C$151.82, and director Denis Ricard picked up 6,000 shares at C$152. Insider purchases aren’t a magic crystal ball, but they do suggest the folks closest to the business still think the stock is worth holding onto.
Big picture
The takeaway here isn’t a giant valuation re-rating. It’s more like a slow, cautious thumbs-up: analysts still see iA Financial as a steady compounder, but not one that’s suddenly underpriced enough to scream “buy me now.”