The Globe and Mail reports in its Friday edition that RBC analyst Neil Downey says Brookfield Asset Management ($35.11) has "solid" business momentum and an increasing intrinsic value per share "with the passage of time" (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that ahead of investor meetings next week in New York, Mr. Downey upgraded his rating to "top pick" from "outperform." He continues to target the shares at $41. Analysts on average target the shares at $40.44. Mr. Downey says in a note: "We have confidence in BAM's business model, which at its core includes the long-term compounding from real-return and private equity investments, levered via the exposure to a fee-based asset management business. The latter, we believe, benefits from diversified, large and growing pools of both captive and 'sticky' fee bearing capital, and currently appears to have good momentum in private fund raising efforts. Overall, we believe our target valuation is appropriate in light of BAM's high quality asset base and the growing profitability of its asset management platform. We believe there are few, if any, companies that are truly comparable to Brookfield Asset Management."