CIBC lowered the firm’s price target on Brookfield Business (BBUC) to $41.50 from $44 and keeps an Outperformer rating on the shares. The firm views the post-earnings selloff in the shares as a buying opportunity. Brookfield Business remains very confident in the future of Clarios and expects the business to double in value over the next five years, the analyst tells investors in a research note.
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