BMO Capital analyst Sohrab Movahedi maintained a Buy rating on Brookfield Corporation on July 16 and set a price target of $66.00.
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Sohrab Movahedi has given his Buy rating due to a combination of factors that highlight Brookfield Corporation’s strong performance and potential for growth. The company has shown significant progress in its Wealth Solutions segment, with expectations for substantial earnings, despite a slight seasonal dip. This segment, along with an improving pace of carry realizations, is seen as a key driver for future earnings growth.
Furthermore, Brookfield’s consistent share buyback strategy has accelerated, indicating strong confidence in its own valuation. The stock is trading at a narrower discount to its net asset value, suggesting that investors are increasingly valuing its unlisted assets. These factors, combined with a favorable market position among alternative asset managers, underpin Movahedi’s positive outlook and Buy rating for Brookfield Corporation.
In another report released on July 8, J.P. Morgan also maintained a Buy rating on the stock with a $70.00 price target.
BN’s price has also changed moderately for the past six months – from $57.580 to $65.790, which is a 14.26% increase.