Brookfield Business Partners price target raised to $32 from $30 at Scotiabank

Scotiabank analyst Phil Hardie raised the firm’s price target on Brookfield Business Partners (BBU) to $32 from $30 and keeps an Outperform rating on the shares. The firm believes Brookfield Business is one of the top value plays in Diversified Financial, but is often overlooked or underappreciated, the analyst tells investors. While several risks remain, the firm believes factors creating challenging operating conditions over the past few years are receding.