Analyst Craig Siegenthaler from Bank of America Securities maintained a Hold rating on Brookfield Asset Management Ltd. Class A and keeping the price target at $68.00.
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Craig Siegenthaler has given his Hold rating due to a combination of factors surrounding Brookfield Asset Management Ltd. Class A. While the company has a strong model with a substantial long-term asset base and a unique owner/operator approach, its valuation is currently at the highest multiple in the asset management sector. This high valuation, coupled with management fee growth that aligns closely with industry averages, suggests limited immediate upside potential.
Furthermore, although Brookfield has set ambitious targets for future growth and earnings, achieving these may prove challenging without significant mergers and acquisitions activity. The uncertainty surrounding Brookfield’s potential inclusion in the S&P 500 index also adds a layer of unpredictability to its market positioning. Despite positive developments in its alternative credit and AI business segments, these factors collectively justify a Hold rating at this time.
According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 19.7% and a 63.92% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, Coinbase Global, and Affiliated Managers.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a C$84.00 price target.