The Globe and Mail reports in its Friday edition that RBC Capital analyst Geoffrey Kwan has reaffirmed his "sector perform" recommendation for AGF Management. The Globe's David Leeder writes that Mr. Kwan boosted his share target to $10 from $9. Analysts on average target the shares at $10.71. Mr. Kwan says in a note: "Q1/24 EPS was well ahead of our forecast driven by higher-than-forecast fair value gains in their Alternatives platform (adjusting for that, results were generally in line with our forecast). We think these results provide incremental evidence of potentially further valuation upside in the share price from their Alternatives platform, which is still relatively nascent and not at-scale, but has the potential to diversify earnings. The retail fund business appears to continue performing well vs. the industry, but a 3rd consecutive quarter of net redemptions demonstrates they are not immune to industry substantial net redemption challenges. While we have a neutral view on our asset/wealth manager coverage, we think AGF could appeal to small cap investors with a longer-term investment horizon." The Globe reported on Feb. 29 that CIBC had upgraded AGF to "outperformer" from "neutral." It was then worth $8.13.