Brookfield Business Partners assumed with an Outperform at RBC Capital

RBC Capital analyst Bart Dziarski assumed coverage of Brookfield Business Partners (BBU) with an Outperform rating and $33 price target The firm contends that the company’s strong investment performance track record and capital deployment over the past several years represents an attractive deployment environment that could generate strong net asset value growth, the analyst tells investors in a research note. The stock’s 40% discount to forward net asset value also highlights the attractive opportunity in shares, RBC added.