Brookfield Business Partners price target lowered to $30 from $31 at Scotiabank

Scotiabank lowered the firm’s price target on Brookfield Business Partners (BBU) to $30 from $31 and keeps an Outperform rating on the shares. The company’s Q2 results were relatively in-line with expectations despite the challenging backdrop, the analyst tells investors. Scotiabank believes the company’s wide trading discount relative to its net asset value offers a good entry point for investors.