The Globe and Mail reports in its Wednesday, Jan. 10, edition that TD Securities analyst Cherilyn Radbourne raised her Street-high target for Brookfield Asset Management to $49 (U.S.) from $42 (U.S.) with an "action list buy" recommendation. The Globe's David Leeder writes that analysts on average target the shares at $39.08 (U.S.). Ms. Radbourne says in a note: "We believe that Brookfield is set to achieve its goal of raising close to $100-billion in 2023, a significant achievement amid one of the most difficult fundraising environments seen in years. We attribute Brookfield's success primarily to 1) its emphasis on renewables, transition, infrastructure, and credit, which are all growth areas; and 2) the strength of its relationships in the Middle East/Asia-Pacific, where fund raising held up better vs. North America/Europe. Record 2023 fundraising, plus margin expansion (as Brookfield winds down recent platform investments), should drive a step-function increase in 2024 fee-related earnings/distributable earnings. Brookfield's 2023 fundraising included many company/industry records, most notably the success of BIF V, which raised $30-billion, making it the largest private infrastructure fund ever raised."