TD Securities lowered the firm’s price target on Brookfield Asset Management (BAM) to $69 from $75 and keeps a Buy rating on the shares ahead of the Q1 report. The firm says that amid cautious investor sentiment, Brookfield offers a “highly resilient/diversified” earnings profile, anchored in real assets.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Asset Management price target lowered to $62 from $63 at Morgan Stanley
- Brookfield Asset Management Completes $1 Billion Senior Notes Offering
- Brookfield Asset Management Announces US$1 Billion Senior Notes Offering
- Brookfield Asset Management Announces New Senior Notes Offering
- Brookfield Asset Management Prices New Senior Notes Offering