11:31 AM EDT, 08/01/2024 (MT Newswires) -- National Bank has raised its one year target on Intact Financial ( IFCZF ) to $280, from $265, and maintained its Outperform rating after the company reported its second quarter results.

"We view the results as positive given the excellent underwriting performance across the business. IFC demonstrated underwriting strength through the 5%-point combined ratio beat and outperformance across all business lines," said analyst Jaeme Gloyn.

Intact is "well positioned" to benefit from favourable conditions that persist in the P&C insurance industry through 2025, Gloyn added.

Price: 245.75, Change: -5.15, Percent Change: -2.05