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TD Cowen Reaffirms Their Buy Rating on Brookfield Asset Management Ltd. Class A (BAM)

Tipranks - Tipranks - Tue May 12, 9:48AM CDT

In a report released today, Cherilyn Radbourne from TD Cowen maintained a Buy rating on Brookfield Asset Management Ltd. Class A, with a price target of $69.00.

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Radbourne covers the Industrials sector, focusing on stocks such as Canadian National Railway, Canadian Pacific Kansas City, and Toromont Industries. According to TipRanks, Radbourne has an average return of 14.1% and a 68.75% success rate on recommended stocks.

In addition to TD Cowen, Brookfield Asset Management Ltd. Class A also received a Buy from Scotiabank’s Mario Saric 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).

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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

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