Brookfield Corp. price target raised to $50.50 from $49.50 at Scotiabank

Scotiabank raised the firm’s price target on Brookfield Corp. to $50.50 from $49.50 and keeps an Outperform rating on the shares. The firm’s revised price target reflects skinnier rate of return over the next twelve months and a more reasonable valuation following recent share price gains, the analyst tells investors. Overall, Scotiabank views the macro as favorable for the stock.