Scotiabank analyst Phil Hardie raised the firm’s price target on Brookfield Business Partners (BBU) to $39 from $36 and keeps an Outperform rating on the shares. The firm recently attended the 2025 Brookfield Listed Affiliates Day in Toronto, which was an “eventful day” for Brookfield Business Partners investors, the analyst tells investors. The company provided an update to management’s NAV estimate of $54 per unit and announced a new capital recycling target, resulting in the firm updating its price target on the stock.
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