Wells Fargo initiated coverage of Brookfield Asset Management with an Underweight rating and $42 price target. The stock is an attractive play on “hot” asses classes, but valuation suggests relative underperformance, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Asset Management price target raised to $40 from $37 at BMO Capital
- Brookfield Asset Management to invest up to $1.1B in Infinium
- Brookfield Announces Insightful 2024 Investor Day
- Brookfield in talks to join buyout of Grifols, Bloomberg reports
- Brookfield in talks to join sovereign funds in Grifols bid, Bloomberg says