RBC Capital assumed coverage of Brookfield Asset Management (BAM) with an Outperform rating and $72 price target The firm is positive on Brookfield as a pure-play alternative asset manager operating at scale and poised to benefit from secular trends favoring larger asset managers as LPs consolidate relationships, the analyst tells investors in a research note. Brookfield Asset Management can compound FRE – fee-related earnings – at its targeted 17% CAGR over the next 5 years, which is an attractive growth rate, RBC added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Announces $10 Billion AI Infrastructure Investment in Sweden
- Brookfield Asset Management announces $10B investment in AI Infrastructure
- Brookfield Asset Management Primed to Invest $9B in European AI Expansion Drive
- BP’s Castrol drawing interest from energy companies, PE firms, Bloomberg says
- Brookfield Asset Management files $2.5B mixed securities shelf
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue