The Globe and Mail reports in its Thursday, Nov. 2, edition that Scotia Capital analyst Mario Saric has reaffirmed his "sector outperform" recommendation for Brookfield Asset Management. The Globe's David Leeder writes in the Eye On Equities column that Mr. Saric shaved his share target back by $2.50 to $36.50 (all figures U.S.). Analysts on average target the Class A shares at $36.53.
Mr. Saric says in a note: "Brookfield Asset Management reports Q1 results next Monday. While near-term growth may stall, we still believe Brookfield can do double-digit FRE/sh, DEPS, FBC & dividend/sh growth through 2025, with investors getting a 4.5-per-cent going-in dividend yield with an expected 12-per-cent CAGR through 2025 (starting in 2024), positioning Brookfield as a top-6-per-cent dividend grower in Scotia's research universe in 2024." The Globe reported on May 12 that BMO Capital Markets analyst Sohrab Movahedi continued to rank Brookfield Asset "market perform." The shares were then worth $32.50. The Globe reported on June 29 that CIBC World Markets analyst Nik Priebe continued to rate Brookfield Asset "outperformer." The shares could then be had for $32.25.
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