RE:Upgrade “We upgrade Brookfield Corporation (BN) ... and maintain the US$41 target price largely given on negative stock performance of 13.9 per cent on month-to-date basis that underperformed several benchmarks such as 1260 basis points less than the S&P 500,” he said. “There are some clear issues ahead for parts of the Brookfield Group and BN itself but they look to be more appropriately reflected in the current valuation, in our view.”