Credit Suisse Ahead of the Aug. 11 release of its quarterly results, Credit Suisse’s Andrew Kuske lowered his Brookfield Asset Management Inc. target to US$62.50, below the US$67.40 average, from US$71.50 with an “outperform” rating.
“BAM’s core franchise and overall platform continues to be positively positioned on a longer-term basis and is benefitting from accelerated fund raising, deal deployment and monetizations. Continued progress with these efforts, growth from the insurance business along with accelerated real estate re-packaging could result in upside to our existing forecasts and valuation,” he said.