BMO Capital raised the firm’s price target on Brookfield Asset Management to $40 from $37 and keeps a Market Perform rating on the shares. The company’s Investor Day was highlighted by its continued target of doubling earnings over five years but off a larger base, which is supported by Brookfield’s increasingly wide range of investment strategies and exposure to the high-growth credit asset class, the analyst tells investors in a research note. The management is also focused on creating shareholder value by making Brookfield Asset Management stock more easily investable, the firm added.
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