15:23:09 EDT Fri 24 May 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 412,212,963
Close 2023-02-09 C$ 47.09
Market Cap C$ 19,411,108,428
Recent Sedar Documents

Globe says Brookfield is Kwan's No. 3 best idea for '23

2023-02-10 08:41 ET - In the News

The Globe and Mail reports in its Friday, Feb. 10, edition that RBC Dominion Securities analyst Geoffrey Kwan continues to rate Brookfield Asset Management "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan gave his share target a $5 boost to $40 (all figures U.S.). Analysts on average target the shares at $37.24. Mr. Kwan says in a note: "BAM is one of our Top 3 best ideas for 2023 in our coverage universe, reflecting positive fundamentals, potential catalyst(s), and some defensive attributes, but attractive upside in a market recovery scenario. ... We see valuation upside in the near and medium term driven by: (1) mid-teens annual fee related earnings (FRE) growth; (2) FRE valuation multiple expansion as the macro environment improves; (3) an attractive dividend yield with mid-teens dividend growth potential; and (4) growth in carried interest generated, for which we think the current share price is reflecting little to no value." The Globe reported on Dec. 14 that Goldman Sachs rated Brookfield "buy" in new coverage. It was then worth $31.89. The Globe reported on Jan. 9 that Mr. Kwan had reiterated his "outperform" call for Brookfield when it could be had for $29.78.

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