Wednesday’s analyst upgrades and downgrades
National Bank Financial's analyst Jaeme Gloyn anticipates a challenging year for Canadian diversified financial companies due to higher interest rates. He favors P&C insurers and TMX Group (X-T) for their potential profitability and growth. Element Fleet Management (EFN-T) was downgraded due to slowing organic growth, with its target price cut to $35. Other target revisions include Brookfield Business Corp. (BBUC-N/BBUC-T), Definity Financial (DFY-T), and TMX Group (X-T).


