RBC Capital assumed coverage of Brookfield Corp. (BN) with an Outperform rating, Top Pick designation, and $81 price target as part of a broader research note launching coverage on North American Diversified Financials sector. The company has demonstrated a long-term track record of compounding capital, and the stock’s current valuation provides an attractive entry point for a leading franchise, the analyst tells investors in a research note. Brookfield also has significant liquidity available to deploy in the current market environment to drive future net asset value growth, RBC added.
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