Fiera Capital (FSZ:CA) Scotiabank Cuts Target Forecast

Fiera Capital (FSZ:CA)

Analyst Update

Fiera Capital faced downward revisions as Scotiabank lowered its price target to $7.00, reflecting a more cautious outlook on the company’s near-term earnings and asset-gathering momentum. The revision incorporates ongoing pressure from net fund outflows, fee compression across parts of the asset management industry, and a challenging market environment that has weighed on performance-related revenues. Analysts also pointed to elevated operating leverage and restructuring efforts as factors limiting near-term upside, while acknowledging that management’s cost-control initiatives and balance sheet stability could provide longer-term support once market conditions and investor flows begin to normalize.

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