RBC Capital analyst Geoffrey Kwan raised the firm’s price target on Brookfield Business Partners to $33 from $29 and keeps an Outperform rating on the shares. The firm is citing a disconnect between Brookfield’s “substantial” 30% discount to net asset value and what could be substantial valuation upside in the near term, given the strong net asset value growth and a significant narrowing of that discount if the company continues to execute on generating growth in their portfolio.
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