Analyst Craig Siegenthaler of Bank of America Securities maintained a Buy rating on Brookfield Asset Management Ltd. Class A (BAM – Research Report), retaining the price target of $65.00.
Craig Siegenthaler has given his Buy rating due to a combination of factors that highlight Brookfield Asset Management Ltd.’s strengths despite some mixed financial results. Although the company reported lower than expected fundraising and fee-related earnings, it demonstrated robust investing activity and exceeded expectations in realizations. The strong deployments, particularly in the credit and renewables sectors, underscore the company’s strategic focus and execution capabilities.
Moreover, Brookfield Asset Management is recognized for having the leading infrastructure and renewables business globally, which positions it well for future growth in these fast-expanding segments. The company’s significant uncalled commitments also suggest potential for increased fee revenue as these funds are deployed. Overall, Siegenthaler views Brookfield as well-positioned for growth and consolidation within the industry, supported by its size, brand, and diverse offerings.
According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 15.1% and a 61.88% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, Cboe Global Markets, and Nasdaq.
In another report released on April 30, TD Securities also maintained a Buy rating on the stock with a $64.00 price target.