Raymond James Financial has lowered its price target for Intact Financial (TSE:IFC) from C$330.00 to C$310.00. Following the release of the analyst report, shares of the company fell 2.6% to close at C$256.80. The downward revision reflects a shift in valuation expectations, which triggered immediate selling pressure on the stock. Despite the reduction in the price target, Intact Financial maintains a "Moderate Buy" consensus rating among market experts. Current projections still suggest a significant potential upside of over 20% from its recent trading price. This adjustment highlights the ongoing recalibration of analyst outlooks within the Canadian financial services sector.
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