Brookfield Business Partners resumed with an Outperform at RBC Capital

RBC Capital analyst Geoffrey Kwan resumed coverage of Brookfield Business Partners with an Outperform rating and $28 price target. Westinghouse was a very successful investment for Brookfield Business Partners, and with the completion of the sale, it helps to materially reduce the company’s financial leverage, the analyst tells investors in a research note. The firm says BBU trades at a 51% discount to its net asset value, which it thinks is too wide.