The Globe and Mail reports in its Thursday, June 29, edition that CIBC World Markets analyst Nik Priebe continues to rate Brookfield Asset Management "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Mr. Priebe is sticking with his $40 (U.S.) share target. Analysts on average target the shares at $35.77 (U.S.). Mr. Priebe says Brookfield Asset will benefit indirectly from the acquisition of American Equity Investment Life Holding Company by Brookfield Reinsurance. He says the transaction should produce as much as 5-per-cent upside to Brookfield's fee-related earnings as soon as the deal closes, with even greater long-term upside. Mr. Priebe says in a note: "We consider Brookfield to be a clear beneficiary from this acquisition, despite not: 1) issuing a single share; 2) participating in the equity investment; or 3) assuming any insurance liabilities. ... In our view, this is a clear win for Brookfield shareholders and a demonstration of the unique upside potential associated with the new public entity." The Globe reports that on Tuesday Brookfield Reinsurance made a stock-and-cash offer to buy American Equity valuing the company at $4.3-billion (U.S.).