Brookfield Ord Shs Class A T.BN

Analyst updates

[TeamCommonSense]

* CIBC’s Dean Wilkinson raised his Brookfield Corp. (BN-N, BN-T) target to US$68 from US$57 with an “outperformer” rating. Other changes include: BMO’s Sohrab Movahedi to US$62 from US$50 with a “market perform” rating and Scotia’s Mario Saric to US$69 from US$65 with a “sector perform” recommendation. The average is US$61.46.

“We are encouraged by BN’s 2025 prospects underpinned by a more constructive environment for monetizations, carry realizations and the benefit of lower yields primarily via improved valuation of its privately held real estate portfolio. This, combined with a valuation discount to comparable balance sheet managers continues to point to a favorable risk-reward on BN stock, as we see it,” said Mr. Movahedi.