04:14:45 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Business Partners LP
Symbol BBU
Shares Issued 74,611,271
Close 2022-09-30 C$ 27.06
Market Cap C$ 2,018,980,993
Recent Sedar Documents

Globe says Brookfield seen delivering decent returns

2022-10-03 08:24 ET - In the News

The Globe and Mail reports in its Saturday, Oct. 1, edition that Desjardins Securities analyst Gary Ho has reaffirmed his "buy" on Brookfield Business Partners. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho trimmed his unit target for Brookfield by $1 to $31 (all figures U.S.). Analysts on average target the units at $34.50. Mr. Ho says in a note: "While the markets remain choppy, BBU is clearly in harvest mode and should reap the benefits from operational improvements and strategic tuck-ins from several of its larger investments. Recall that the company has three potential monetization assets on the horizon—Westinghouse (WH), Clarios and BRK. Particularly on WH, management is fairly confident of a successful outcome from the live process. ... Our positive investment thesis is predicated on: (1) a secular shift in investor appetite for private alts to drive capital flows into the asset class—BBU offers investors a unique way to gain PE exposure without liquidity constraints; (2) BBU's team has delivered a solid investment return track record; (3) the BBUC structure should help broaden the investor base; and (4) BBU's ability to leverage BAM's extensive platform."

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