RBC Capital Markets raised its price target on AGF Management (AGF-B.TO) to $23 from $21.
Analyst Bart Dziarski maintained an Outperform rating on shares of the Canadian-based investment management firm following its quarterly results.
"Despite AGF rebounding from what we viewed as oversold levels earlier this year, valuation remains attractive with AGF trading at a discount to peers on both EV/EBITDA and P/E multiples with a ~3% dividend yield," Dziarski said.
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