16:34:36 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 627,303,573
Close 2014-09-18 C$ 52.61
Market Cap C$ 33,002,440,976
Recent Sedar Documents

Globe says analysts bullish on Brookfield Asset, others

2014-09-19 05:43 ET - In the News

Also In the News (C-BEP) Brookfield Renewable Energy Partners LP
Also In the News (C-BIP) Brookfield Infrastructure Partners LP

The Globe and Mail reports in its Friday edition that Canaccord upgraded Brookfield Asset Management ($52.61 (Canadian)) to "buy" from "hold," while maintaining a target of $55 (U.S.). The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Raymond James analyst Frededric Bastien is extremely keen on Brookfield Infrastructure Partners ($43.56 (Canadian)) and Brookfield Renewable Energy Partners ($33.61 (Canadian)). He says: "As with last year, we came away thinking Brookfield Infrastructure and Brookfield Renewable boast all of the key attributes our clients look for in an investment. Both are led by seasoned industry veterans and ... [have] strong organic growth prospects." Mr. Bastien says: "Just as importantly, they follow a prudent investment strategy that helps produce healthy, sustainable and growing distributions per unit over the long run. However, in contrast to last year, we believe both partnerships are noticeably more attractive on a relative value basis." Mr. Bastien raised his price target on Brookfield Infrastructure Partners to $48 (U.S.) from $44 (U.S.), and on Brookfield Renewable Energy Partners to $35 (U.S.) from $33 (U.S.). He has "outperform" ratings on both.

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