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Highlights

  • Jefferies cuts rating to “Hold,” lifting target to CAD 60 from CAD 57.
  • Recent broker moves cluster around mid-CAD 50s to low-CAD 60s price objectives.

Jefferies Financial Group has revised its view on Power Corp. of Canada (TSE: POW), lowering the stock from “buy” to “hold” while increasing its price target to CAD 60 from CAD 57, according to a note reported Monday by BayStreet.ca. The new target implies about 5.99% potential upside from the company’s recent trading level, suggesting a more balanced risk-reward profile than previously assessed.

The downgrade arrives amid a series of rating and target adjustments from other Canadian brokers through late spring and mid-summer. National Bankshares raised its target to CAD 56 and assigned a “sector perform” rating. CIBC shifted its stance from “outperform” to “neutral,” setting a CAD 55 target. CIBC World Markets moved from “strong-buy” to “hold,” while Scotiabank nudged its objective to CAD 59. TD Securities took the high end of the recent range, increasing its target to CAD 62 alongside a “buy” recommendation. Taken together, these calls bracket the shares within a relatively tight corridor of mid-CAD 50s to low-CAD 60s, reflecting expectations for moderate return potential.

Power Corp. of Canada operates as a diversified holding company through Power Financial, with controlling interests in Great-West Life (insurance), IGM Financial (asset management), and Pargesa (a European investment holding with positions across several sectors). The portfolio construction exposes investors to North American life insurance, wealth management flows, and selected European industrial and consumer names. These exposures can moderate company-specific volatility but also tether outcomes to sector-level dynamics such as asset-management net flows, insurance capital and margin trends, and European equity market performance.