Brookfield Asset price target raised to $59.50 from $55.50 at Scotiabank
The Fly

Brookfield Asset price target raised to $59.50 from $55.50 at Scotiabank

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.

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