Brookfield Corp. initiated with an Overweight at Morgan Stanley

Morgan Stanley analyst Michael Cyprys initiated coverage of Brookfield Corp. (BN) with an Overweight rating and $80 price target The firm sees a “compelling valuation” as well as an “underappreciated” franchise and growth at Brookfield Corp. Brookfield has built a global, scaled platform to invest in, operate and own high-quality assets, the analyst tells investors in a research note. Morgan believes the company offers exposure to “fast-growing” insurance channels and “upside risk” to carried interest through capital markets exposure.