The Globe and Mail reports in its Friday, Jan. 29, edition that Scotia Capital analyst Phil Hardie is keeping his "sector perform" call on AGF Management intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie gave his share target a 75-cent boost to $18.25. Analysts on average target the shares at $18. Mr. Hardie thinks AGF's fourth quarter results displayed "strong operational momentum" and "bookended a strong 2025 which saw the company demonstrate solid operational momentum with AUM [assets under management] rising by double digits and mutual fund net sales rate (as percentage of AUM) doubling the pace of the industry." On Tuesday AGF reported adjusted earnings per share of 62 cents, blowing past both Mr. Hardie's 50-cent estimate and the consensus projection of 47-cents, driven by higher-than-forecast investment gains from AGF Capital Partners. Mr. Hardie says in a note: "The stock's valuation is nearing multi-year highs but continues to trade at a steep discount to its peers despite demonstrated operational momentum and strategic progress. AGF has developed an alternative asset management platform where it has co-invested its own capital."