Upgrade Canaccord Genuity analyst Mark Rothschild bumped up his target for Brookfield Asset Management Inc. to US$66 from US$63 with a “buy” rating. The average is now US$63.63.
“Clearly, Brookfield continues to have success in raising newer larger funds, although the introduction of new products, is likely, in our view, to have a more significant impact on management fees and intrinsic value,” said Mr. Rothschild.