The Globe and Mail reports in its Friday, April 11, edition that BofA Securities analyst Craig Siegenthaler has elevated his recommendation for Brookfield Asset Management to "buy" from "neutral" with an unchanged share target of $65 (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $56.55. Mr. Siegenthaler says in a note: "We remain positive on the multiple secular drivers supporting the Alts including GP consolidations, infrastructure, insurance, and private wealth. Brookfield Asset Management (BAM) has the #1 infrastructure business in the world and is building an insurance business that replicates the success of APO. In our view, the Brookfield Asset Management stock is well positioned for these themes while offering a defensive FRE rich profit stream that is currently being undervalued by the market and offers several near-term catalysts: 1Q25 and 2Q25 EPS beats and multiple index additions." The Globe reported on Nov. 6 that RBC Capital analyst Robert Kwan had reaffirmed his "outperform" recommendation for Brookfield Asset Management. The shares could then be had for $56.96.
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