Analyst Recommendationhttps://www.bnnbloomberg.ca/video/paul-gardner-discusses-brookfield-property-partners~2117072
BUY
Brookfield Asset Management (A)
(BAM.A-T)
January 12, 2021
He expects BAM to take it over and it's a good thing to keep BPY within Brookfield/BAM. The deal is accretive for BAM which he really likes. About BPY, you don't want to own these assets (offices, large retail) during this pandemic. Better to own apartments and industrials. BAM fell 5% on news of the takeover, but investors don't understand how accretive this deal is. BAM is a fantastic asset allocator; he wouldn't bet against them.
Paul Gardner, CFA
Price
$49.470
Owned
Unknown