The Globe and Mail reports in its Friday, Sept. 29, edition that CIBC World Markets analyst Nik Priebe has reaffirmed his "neutral" recommendation for AGF Management. The Globe's David Leeder writes in the Eye On Equities column that Mr. Priebe gave his share target a 25-cent trim to $8.25. Analysts on average target the shares at $9.11. Mr. Priebe says in a note: "AGF's Q3 results were largely in line with expectations. We remain bearish on the outlook for industry fund sales given the persistence of an elevated interest rate environment and the financial strain being felt by consumers. AGF continues to outperform the industry on the basis of long-term fund sales, but we do not foresee a sustained recovery in the trajectory of industry flows being a tailwind in the near term. The next important step in AGF's evolution is expected to be the acquisition of a private markets business. We continue to await an update on this front and acknowledge that the company has ample liquidity to execute on M&A without diluting its share structure." The Globe reported on June 21 that Scotia Capital analyst Phil Haddie had reiterated his "sector perform" recommendation for AGF Management when it could be had for $7.72.