Scotiabank raised the firm’s price target on Brookfield Asset Management (BAM) to $59 from $58 and keeps an Outperform rating on the shares. The firm believes the Outperform rating is intact following a quarter that was as “in-line” as one can be, the analyst tells investors. The firm did note a few positive coming out of the quarter, including diluted earnings per share growth beginning to accelerate, the company delivering a strong finale BSREP V close, and its higher trading multiple.
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