Scotiabank analysts have increased their price target for Fairfax Financial (TSE: FFH) from C$3,050 to C$3,150, according to a recent research report. This new target suggests a potential upside of over 40% compared to the stock’s current trading price. Other brokerage firms have also recently provided updates on Fairfax Financial’s outlook.
The revised price target reflects Scotiabank’s positive view on the company’s future performance, though specific reasons for the adjustment were not detailed in the report.
**Why this matters**
An increased price target from a major financial institution like Scotiabank can influence investor sentiment and market activity around Fairfax Financial’s stock. The potential for significant price appreciation may attract additional investor interest and impact trading volume.
Source: NewsData