The Globe and Mail reports in its Saturday, Feb. 11, edition that RBC Dominion Securities analyst Neil Downey says Brookfield Asset Management ($47.81) had a "strong fourth quarter" and a "good year over all (all figures Canadian unless otherwise stated)." The Globe's David Leeder writes in the Eye On Equities column that still, Mr. Downey lowered his rating to "outperform" from "top pick" based on recent share price appreciation. Last week Brookfield posted fourth quarter operating funds from operations (OFFO) of 65 cents per share, an increase of 11 cents year over year and ahead of Mr. Downey's projection of 51 cents as well as the consensus estimate of 49 cents. Mr. Downey increased his 2017 OFFO per share by 10 cents (or 5 per cent) to $2.19. His 2018 projection rose 16 cents (7 per cent) to $2.42. He raised his target price for the stock to $41 (U.S.) from $40 (U.S.). Analysts on average target the shares at $40.78 (U.S.). Mr. Downey calls 2016 "a very successful year" for Brookfield, citing "strong" fee-bearing capital growth of 16 per cent to $110-billion and "improved" cash flow yield on invested capital. Mr. Downey says, "We remain highly constructive on BAM's business model."