18:55:18 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 412,796,106
Close 2023-11-08 C$ 42.45
Market Cap C$ 17,523,194,700
Recent Sedar Documents

Globe says Brookfield Asset kept at "sector outperform"

2023-11-08 08:37 ET - In the News

The Globe and Mail reports in its Wednesday, Nov. 8, edition that Scotia Capital analyst Mario Saric continues to rate Brookfield Asset Management "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Saric boosted his share target to $37.50 (U.S.) from $36.50 (U.S.). Analysts on average target the shares at $36.12. Mr. Saric says the third quarter was "routine" for Brookfield Asset Management, but he warns it is "the calm before the fundraising storm." Mr. Saric says in a note: "Overall, the positive thesis we discussed in our July 13 Initiation (BAM for the Buck. Take 2!) is very much intact. We still see Brookfield Asset Management as one of the most attractive dividend stocks in our coverage universe (4.2-per-cent divvy yield and 12.5-per-cent CAGR [compound annual growth rate] through 2025), capable of mid-teen per share KPI CAGR, at a very reasonable PEG ratio of 2.2, all without strategic M&A (likely be additive to said figures). All-in-all, quite a constructive outlook (particularly with potential peak interest rates). We look to any potential trading pressure (from AEL deal closing late in 2023; early 2024) as a good buying opportunity."

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