Brookfield Business price target raised to $42 from $41 at Scotiabank

Scotiabank analyst Phil Hardie raised the firm’s price target on Brookfield Business (BBUC) to $42 from $41 and keeps an Outperform rating on the shares. The firm views the company’s quarterly update as fundamentally solid and can understand investor surprise given the stock’s upper-single-digit decline despite no material negative developments. The firm added that it sees the weakness as a buying opportunity.