The Globe and Mail reports in its Friday, Feb. 10, edition that RBC Dominion Securities analyst Geoffrey Kwan continues to rate Brookfield Asset Management "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan gave his share target a $5 boost to $40 (all figures U.S.). Analysts on average target the shares at $37.24. Mr. Kwan says in a note: "BAM is one of our Top 3 best ideas for 2023 in our coverage universe, reflecting positive fundamentals, potential catalyst(s), and some defensive attributes, but attractive upside in a market recovery scenario. ... We see valuation upside in the near and medium term driven by: (1) mid-teens annual fee related earnings (FRE) growth; (2) FRE valuation multiple expansion as the macro environment improves; (3) an attractive dividend yield with mid-teens dividend growth potential; and (4) growth in carried interest generated, for which we think the current share price is reflecting little to no value." The Globe reported on Dec. 14 that Goldman Sachs rated Brookfield "buy" in new coverage. It was then worth $31.89. The Globe reported on Jan. 9 that Mr. Kwan had reiterated his "outperform" call for Brookfield when it could be had for $29.78.