Brookfield Corp. price target raised to $51.25 from $50.50 at Scotiabank

Scotiabank analyst Mario Saric raised the firm’s price target on Brookfield Corp. to $51.25 from $50.50 and keeps an Outperform rating on the shares. The recent share price pressure on the stock has created a better entry point ahead of the expected Central Bank easing in the coming months, the analyst tells investors. While the stock continues to appeal to “Value” investors, Scotiabank believes the company can increase interest from “Growth” investors with its recently communicated strategy, which, in the firm’s view, should narrow the net asset value trading discount.