Scotiabank analyst Phil Hardie raised the firm’s price target on Brookfield Business Partners to $28 from $26.50 and keeps an Outperform rating on the shares. The company reported a solid Q4, with EBITDA coming in slightly ahead of expectations, the analyst tells investors in a research note. The analyst says improving operating and financial market conditions are likely to open the window for monetization activities, and Brookfield will likely be active.
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Read More on BBU:
- Brookfield Business Partners Reports Net Income of $1.4 Billion in the Quarter
- Brookfield Business Partners reports Q4 EPS $6.57 vs. (6c) last year
- Brookfield Business Partners (BBU) Q4 Earnings Cheat Sheet
- Brookfield Business Partners rises 8.7%
- Brookfield Business Partners L.P. 2023 Fourth Quarter Conference Call and Webcast for Investors and Analysts
