Brookfield Asset Management (BAM) PT Raised to $37 at BMO Capital
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Price: $55.86 +2.50%
Rating Summary:
12 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
12 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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BMO Capital analyst Sohrab Movahedi raised the price target on Brookfield Asset Management (NYSE: BAM) to $37.00 (from $36.00) while maintaining a Market Perform rating.
The analyst commented, "Heading into late 2024, earnings growth appears set to accelerate with additional contributions from AEL insurance assets, Transition and Real Estate flagship fundraising, and margin expansion potential. We reiterate our Market Perform, seeing a balanced risk-reward considering BAM's implied 25x FRE valuation."
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