Scotiabank raised the firm’s price target on Brookfield Asset Management (BAM) to $59.50 from $55.50 and keeps an Outperform rating on the shares. The firm is “surprised” with the company’s share price strength following a decent Q3 earnings beat, the analyst tells investors. Overall, the firm is relying more on per share growth than in-place dividend yield for the stock’s current rating.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor 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 $50 from $40 at BMO Capital
- Brookfield Asset Management price target raised to $56 from $51 at Deutsche Bank
- Brookfield Asset Management price target raised to $51 from $48 at Wells Fargo
- Brookfield Asset Management Reports Record Earnings Surge
- Brookfield Asset Management reports Q3 EPS 33c, consensus 36c