Bullboard - Stock Discussion Forum Brookfield Asset Management Voting Ord Shs Class A BRPSF

Primary Symbol: T.BAM Alternate Symbol(s): BAM | T.BN.PF.A | BKFOF | T.BN.PF.B | T.BN.PF.C | BROXF | T.BN.PF.D | T.BN.PF.E | T.BN.PF.F | BKFDF | T.BN.PF.G | BRCFF | T.BN.PF.H | T.BN.PF.I | T.BN.PF.J | T.BN.PF.K | BKFPF | T.BN.PF.L | T.BN.PR.B | BKFAF | T.BN.PR.K | BXDIF | T.BN.PR.M | T.BN.PR.N | T.BN.PR.R | BAMGF | BAMKF | T.BN.PR.T | T.BN.PR.X | BKAMF | T.BN.PR.Z

Brookfield Asset Management Ltd. is a global alternative asset manager. The Company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign... see more

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TSX:BAM - Post Discussion

Brookfield Asset Management Voting Ord Shs Class A > Revised Target

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Post by retiredcf on May 13, 2022 8:25am

Revised Target

RBC’s Geoffrey Kwan cut his Brookfield Asset Management Inc. target to US$68 from US$72, reiterating an “outperform” rating, while BMO’s Sohrab Movahedi lowered his target to US$69 from US$71 with an “outperform” rating. The average is US$70.82.

“We have a positive view on Q1/22 results,” said Mr. Kwan. “While financial results (FRE, OFFO) were in line with our forecast, BAM confirmed plans to spin off its asset management business and indicated its fundraising outlook is very strong, which bodes well for future FRE growth. Our Outperform rating reflects our view that BAM offers an attractive mix of positive fundamentals; potential catalysts (e.g., asset manager spinoff, potential large monetizations, successful fundraising); and an attractive valuation (22-per-cent discount to NAV) ... We show buying BAM when it trades at a discount to NAV has been historically a good time to buy.”

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