TD Securities lowered the firm’s price target on Brookfield Corp. (BN) to $74 from $77 and keeps a Buy rating on the shares ahead of the Q1 report. Brookfield is not immune to heightened macro uncertainty but is well positioned to “play offense should value investment opportunities emerge,” the analyst tells investors in a research note. The firm sees Brookfield Corp. as a cheaper way to own Brookfield Asset Management (BAM) and likes the upside optionality in Brookfield Corp.’s unlisted assets and carried interest.
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