14:41:50 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Brookfield Business Partners LP
Symbol BBU
Shares Issued 74,613,176
Close 2023-08-09 C$ 23.50
Market Cap C$ 1,753,409,636
Recent Sedar Documents

Globe says Brookfield Business kept at "outperform"

2023-08-09 07:33 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 9, edition that National Bank Financial analyst Jaeme Gloyn is sticking with his "outperform" call on Brookfield Business Partners. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gloyn lowered his share target to $33 (U.S.) from $35 (U.S.). Analysts on average target the shares at $26.50 (U.S.). Mr. Gloyn thinks Brookfield Business's "diversified portfolio of companies across sectors/geographies continues to deliver solid results, setting it on the valuation rerate path." Mr. Gloyn says in a note: "In addition, we hold a favourable view of Brookfield Business's recent acquisition activity (CDK, Neilsen, La Trobe, Scientific Games' Lottery Business, Aldo, DexKo and Modulaire), and the ongoing build into the technology sector. Moreover, the monetization of Westinghouse increases our confidence in management s ability to monetize other assets next and delever the balance sheet. Overall, we anticipate Brookfield Business's successful execution/integration will drive the shares higher. ... Brookfield can refinance existing businesses at attractive costs -- a lingering investor concern that has weighed on the shares."

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