BMO Capital Remains a Buy on Brookfield Asset Management Ltd. Class A (BAM)
In a report released today, Sohrab Movahedi from BMO Capital maintained a Buy rating on Brookfield Asset Management Ltd. Class A, with a price target of $58.00.
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According to TipRanks, Movahedi is a 5-star analyst with an average return of 15.9% and a 67.57% success rate. Movahedi covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Royal Bank Of Canada, and National Bank of Canada.
In addition to BMO Capital, Brookfield Asset Management Ltd. Class A also received a Buy from RBC Capital’s Bart Dziarski in a report issued today. However, on May 6, J.P. Morgan maintained a Hold rating on Brookfield Asset Management Ltd. Class A (TSX: BAM).
Based on Brookfield Asset Management Ltd. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.24 billion and a net profit of C$568.61 million. In comparison, last year the company earned a revenue of C$120 million and had a net profit of C$186 million
Read More on TSE:BAM:
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- BAM Maintained at Buy as Analyst Lifts Price Target to $54 on Strong FRE Growth and Oaktree Synergies
- Brookfield Asset Management Earnings Call Highlights Growth
- Brookfield Asset Management Shareholders Back Board and Governance
- Brookfield Asset Management reports Q1 EPS 43c, consensus 42c
- Brookfield Asset Management price target lowered to $60 from $72 at JPMorgan
