Bullboard - Stock Discussion Forum Brookfield Ord Shs Class A T.BN.PR.C

Primary Symbol: T.BN Alternate Symbol(s): BN

Brookfield Corporation is an owner and operator of real assets. It is focused on compounding capital over the long term to earn attractive total returns for its shareholders. Its operating segments include the asset management business and insurance solutions business. Its operating businesses include Renewable Power and Transition business, which includes the ownership, operation, and... see more

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Brookfield Ord Shs Class A > More Raised Targets

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Post by retiredcf on Feb 09, 2024 9:43am

More Raised Targets

BMO’s Sohrab Movahedi to US$44 from US$42 with an “outperform” rating, Canaccord Genuity’s Mark Rothschild to US$42.50 from US$41 with a “hold” rating and Scotia’s Mario Saric to US$50 from US$49 with a “sector outperform” rating. The average is US$49.27.

“The key takeaway from Q4 results is that BN expects to repurchase at least $1billion in stock over the next few months, an acceleration from $0.6-billion throughout 2023,” said Mr. Movahedi. “2024 earnings growth prospects appear favorable with the continued scaling of asset management and insurance earnings alongside potential for improving real estate fundamentals. The net result is BN’s discount to NAV has narrowed to 15 per cent, an improvement from 40 per cent a year ago.”