The Globe and Mail reports in its Thursday edition that TD Cowen's Cherilyn Radbourne continues to rate Brookfield Asset Management "buy." The Globe's David Leeder writes in the Eye On Equities column that Ms. Radbourne gave her share target a $4 trim to $64 (all figures U.S.). Analysts on average target the shares at $54.92. Ms. Radbourne acknowledges Brookfield Asset Management is "not immune to heightened public market volatility/macro uncertainty." She emphasizes Brookfield has continued to outperform other alternative asset managers thus far in 2025. Ms. Radbourne says in a note: "We attribute that relative defensiveness to 1) the composition of Brookfield's DE [distributable earnings], which comes from FRE [fee-related earnings] vs. more market sensitive earnings streams (performance fees, carried interest, etc.); and 2) the prospect of wider U.S. index inclusion for Brookfield over the next year. ... Our Q1/25 DE estimate of 40 cents is in line with consensus and was cushioned by expected catch-up fees on a final close of [Brookfield Strategic Real Estate Partners V]. Q1/25 DE/share should increase 19 per cent year-over-year based on 16 per cent fee revenue growth plus 300 basis points of margin expansion."