The Globe and Mail reports in its Friday, Sept. 25, edition that Desjardins Securities analyst Gary Ho is sticking with his "buy" recommendation for AGF Management. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho gave his share target a $2 trim to $21. Analysts on average target the shares at $20.75. Mr. Ho says AGF Management's weaker-than-anticipated third quarter results brought a "resetting" of expectations on alternative investments. On Wednesday AGF reported adjusted earnings per share of 49 cents, falling short of Mr. Ho's 55-cent estimate and the Street's 58-cent projection, due to a lower management fee rate and softer private alts contribution. Mr. Ho says in a note: "AGF lowered its near-term return outlook on long-term investments to 6 to 8 per cent from 8 to 10 per cent, as its legacy portfolio moves into harvest, and now guides to a two to three basis points decline in its net fee rate on mix shift toward SMAs and F-Series. Investment performance remains solid. We lower our estimates and target." Mr. Ho lowered his full-year 2026 EPS forecast to $1.99 from $2.13 with his 2027 and 2028 estimates falling to $2.05 and $2.19, from $2.22 and $2.27.