04:55:39 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 987,501,207
Close 2016-12-23 C$ 44.62
Market Cap C$ 44,062,303,856
Recent Sedar Documents

Globe says Brookfield Asset a "top pick" at RBC

2016-12-23 06:22 ET - In the News

The Globe and Mail reports in its Friday, Dec. 23, edition that RBC Dominion Securities analyst Neil Downey rates Brookfield Asset Management ($44.62 (Canadian)) "top pick," with a $40 (U.S.) share target. The Globe's David Leeder writes in the Eye On Equities column that Mr. Downey says in a note: "Real asset themes have staying power, in our view. We expect global allocations to real assets will continue to grow due to: 1) global savings trends; 2) the growing size of institutions and the compounding of their returns; and, 3) the need for returns that are in excess of fixed income yields, which, even under a moderately higher rate scenario we believe will be unsatisfactory to many (particularly on an after tax basis)." BMO Nesbitt Burns analyst Bert Powell reiterated his "outperform" rating on Brookfield Asset Management in the Eye column on Feb. 17. In the item, Mr. Powell lowered his target on the shares to $36 (U.S.) from $41 (U.S.). Analysts on average targeted the shares at $36.89 (U.S.). The Globe reported CIBC Asset Management director Stephen Carlin's call to buy Brookfield Asset Management on Feb. 23. It was then trading at $42.28 (Canadian).

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