TD Securities raised the firm’s price target on Brookfield Corp. (BN) to $75 from $74 and keeps a Buy rating on the shares as part of a Q4 earnings preview. Brookfield’s franchise has been resilient over the past two years, despite headwinds that are now becoming tailwinds, the analyst tells investors in a research note. The firm expects the company’s distributable earnings before realizations to post “strong growth” in 2025, but notes carried interest “will probably lag a bit,” and step up more meaningfully in 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BN:
- BN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Morgan Stanley would buy alternative asset managers on ‘overdone’ weakness
- Brookfield Asset Management Enhances Shareholder Ownership and Index Eligibility
- Brookfield Corp. price target raised to $71 from $69 at Scotiabank
- Brookfield Corp. price target raised to $70 from $68 at CIBC
Questions or Comments about the article? Write to editor@tipranks.com