Scotiabank analyst Phil Hardie raised the firm’s price target on Brookfield Business Partners (BBU) to $39 from $36 and keeps an Outperform rating on the shares. The firm recently attended the 2025 Brookfield Listed Affiliates Day in Toronto, which was an “eventful day” for Brookfield Business Partners investors, the analyst tells investors. The company provided an update to management’s NAV estimate of $54 per unit and announced a new capital recycling target, resulting in the firm updating its price target on the stock.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBU:
- Brookfield Business Partners: Strong Buy Rating Backed by Financial Improvements and Strategic Growth Initiatives
- Brookfield Business Partners rises 12.9%
- Brookfield Business Partners Announces Corporate Simplification Plan
- Brookfield Business Partners to Simplify Structure with Canadian Corporation Conversion
- Brookfield Business Partners converting to simplified Canadian corporation