Goldman Sachs initiated coverage of Brookfield Corp. (BN) with a Buy rating and $78 price target which offers 20% upside. The firm says the company combines the “scale and stability” of a diversified balance sheet of assets with the expertise from its 73%-ownership in Brookfield Asset Management. Brookfield Corp. is a capital compounder undergoing a “significant step-up” in excess capital generation, resulting in faster book value growth, the analyst tells investors in a research note.
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