TD Securities lowered the firm’s price target on Brookfield Asset Management (BAM) to $64 from $68 and keeps a Buy rating on the shares as part of a Q1 preview. Brookfield is not immune to heightened public market volatility and macro uncertainty, but has outperformed the other alternative asset managers year-to-date, the analyst tells investors in a research note. The firm adjusted its forecast to reflect lower market caps for subsidiaries, lower transaction fees, and a recent debt issuance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Asset Management Prices Inaugural $750 Million Senior Notes Offering
- Brookfield Asset Management Launches Investment Solutions Group Led by Alper Daglioglu
- Brookfield names Alper Daglioglu as head, Investment Solutions Group
- Brookfield Asset Management, Barclays partner for payment acceptance business
- Bank of America Says These 2 Stocks Look Like a Bargain