TD Securities lowered the firm’s price target on Brookfield Asset Management (BAM) to $64 from $68 and keeps a Buy rating on the shares as part of a Q1 preview. Brookfield is not immune to heightened public market volatility and macro uncertainty, but has outperformed the other alternative asset managers year-to-date, the analyst tells investors in a research note. The firm adjusted its forecast to reflect lower market caps for subsidiaries, lower transaction fees, and a recent debt issuance.
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