Brookfield Asset Management initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of Brookfield Asset Management (BAM) with an Equal Weight rating and $68 price target The firm sees “attractive secular tailwinds” and growth prospects for Brookfield Asset Management, saying the company, as a leading pure-play asset manger, is positioned to benefit from rising allocations to private markets, thematic investing, and secular tailwinds. However, it views the shares as fairly valued.