TD Securities analyst Cherilyn Radbourne raised the firm’s price target on Brookfield Asset Management (BAM) to $75 from $66 and keeps a Buy rating on the shares as part of a Q2 earnings preview. The firm sees improving sentiment for alternative asset managers based on the prospect of increasing deal velocity. The likelihood of access to the 401(k) retirement channel is another potential catalyst for sector, the analyst tells investors in a research note. TD sees Brookfield as well positioned to benefit from the need for capital to fund the infrastructure to support artificial intelligence.
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