Brookfield Asset Management Voting Ord Shs Class A T.BN.PF.I

Another Upgrade

[retiredcf]

In a second-quarter earnings preview, Scotia Capital analyst Mario Saric hiked his target for Brookfield Asset Management Inc.  to US$62.50 to US$54.25, maintaining a “sector outperform” recommendation. The average on the Street is US$59.04.

“Our main message today is that despite a 39-per-cent year-to-date share price move (vs. 54-per-cent average for peers), we still see attractive upside from NTM [next 12-month] growth and a reasonable in-place valuation which looks better today than last Friday,” he said.