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A man walks by a Rogers store in Toronto, Wednesday, August 15, 2013.
A man walks by a Rogers store in Toronto, Wednesday, August 15, 2013.
(Galit Rodan/THE CANADIAN PRESS)

Friday’s analyst upgrades and downgrades

A recent dip in the price of Industrial Alliance Insurance and Financial Services Inc. shares, coupled with a solid earnings trajectory, have resulted in a ratings upgrade from CIBC World Markets analyst Robert Sedran.

Mr. Sedran says reported EPS of $0.91 was generally in line with his estimate of $0.89, and that sales growth picked up 15 per cent after a relatively poor showing in the third quarter.