RBC Capital analyst Geoffrey Kwan initiated coverage of Brookfield Asset Management with an Outperform rating and $35 price target. The analyst believes Brookfield can deliver 16% fee related earnings growth annually over the next five years. The stock’s valuation multiple could benefit "as arguably the purest publicly-traded private equity/alternative asset manager in North America," Kwan tells investors in a research note. He sees the shares as attractively valued at current levels.
Published first on TheFly
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