Goldman Sachs analyst Alexander Blostein initiated coverage of Brookfield Asset Management with a Buy rating and $40 price target, which represents 25% upside, following the spin-off from Brookfield Corp. Brookfield is one of the largest global alternative asset managers, with an "outsized exposure to some of the fastest growing parts of the market," Blostein tells investors in a research note. He expects the company to drive "robust" 20%-plus annual earnings growth through 2024.
Published first on TheFly
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