The Globe and Mail reports in its Tuesday, June 13, edition that Desjardins analyst Gary Ho is keeping his "buy" call on AGF Management intact. The Globe's David Leeder writes that Mr. Ho gave his share target a 50-cent haircut to $9.75. Analysts on average target the shares at $9.21. Mr. Ho sees AGF rebounding from a first quarter miss when it reports its results on June 21. He is projecting earnings per share of 31 cents, a five-cent improvement sequentially and up 17 cents from the same period a year ago. Mr. Ho says in a note: "Our forecast continues to point to elevated SG&A, offset by strong contribution from its private alt platform in 2Q. Despite weak industry net flows, we expect continued net inflows for AGF of $92-million in 2Q. We believe three-year fund performance continues to track well against AGF's target, albeit likely below 1Q FY23. AGF reported May AUM of $41.2-billion (down 1.7 per cent vs 1Q). We favour AGF given its fund performance, positive retail net flows, solid balance sheet and healthy FCF profile." Mr. Ho says he sees several positive catalysts ahead for AGF. The Globe reported on March 24 that Mr. Ho said there was a buying opportunity at AGF, which was then worth $7.95.