The Globe and Mail reports in its Friday, Feb. 9, edition that RBC Dominion Securities analyst Geoffrey Kwan has reaffirmed his "outperform" recommendation for Brookfield Asset Management. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan gave his Street-high share target a boost to $50 from $49 (all figures U.S.). Analysts on average target the shares at $42.41. Mr. Kwan says a "solid 2023 [is] setting the stage for an even better 2024." The RBC stockpicker says in a note: "Brookfield Asset Management had a solid first year as a publicly traded stock in 2023, but FRE [fee-related-earnings] growth was tempered by elevated OpEx to fund growth initiatives. 2024 is set up to be an inflection year with revenue tailwinds from 2023's strong fundraising, which should persist into 2024 and moderation of OpEx growth, which should see material FRE margin expansion. ... Brookfield is a Top 3 best idea reflecting our expectation of strong fundraising and FRE growth, attractive dividend yield and attractive valuation, particularly relative to its closest peer. ... "We believe Brookfield can generate a 17-per-cent compound annual growth rate in FRE over the next five years."