Credit Suisse analyst Andrew Kuske downgraded Brookfield Corp. to Neutral from Outperform with a price target of $41, down from $42. The downgrade is based on a reassessment of the underlying near-term value of the company’s Brookfield Property Group portfolio given the combination of rising rates, cap rate changes and real estate performance, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BN:
- What You Missed This Week in EVs and Clean Energy
- Brookfield Renewable Partners initiated with a Buy at JonesResearch
- Brookfield Corporation to Host Fourth Quarter 2022 Results Conference Call
- Two new option listings on January 6th
- Brookfield Corporation Announces Results of Conversion of its Series 30 and Series 48 Preferred Shares