Brookfield Corp. price target lowered to $44 from $46 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Brookfield Corp. to $44 from $46 and keeps a Market Perform rating on the shares as part of a Q2 earnings preview. The firm says its revised estimates for the asset managers and M&A advisors generally reflect the impact of continued subdued capital markets activity. Markets were a modest tailwind to forward estimates for the traditionals this quarter, with idiosyncratic expense and acquisition adjustments for select managers in forward periods, the analyst tells investors in a research note.