BMO Capital analyst Sohrab Movahedi raised the firm’s price target on Brookfield Asset Management (BAM) to $50 from $40 but keeps a Market Perform rating on the shares after its Q3 results. Heading into 2025, the company’s fundamentals remain constructive as it is progressing on fundraising initiatives across asset classes, supported by a “more constructive” environment for asset monetization, the analyst tells investors in a research note. BMO adds however that it is mindful that optimism is “well-reflected” in the stock.
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