Brookfield Asset Management Ltd. Class A (BAM) Receives a Hold from Morgan Stanley
In a report released today, Michael Cyprys from Morgan Stanley assigned a Hold rating to Brookfield Asset Management Ltd. Class A, with a price target of $56.00.
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According to TipRanks, Cyprys is a 3-star analyst with an average return of 1.4% and a 49.20% success rate. Cyprys covers the Financial sector, focusing on stocks such as Invesco, Franklin Resources, and Raymond James Financial.
In addition to Morgan Stanley, Brookfield Asset Management Ltd. Class A also received a Hold from Piper Sandler’s Crispin Love in a report issued on July 13. However, yesterday, HSBC maintained a Buy 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 March 31, the company reported a quarterly revenue of C$1.34 billion and a net profit of C$617 million. In comparison, last year the company earned a revenue of C$1.08 billion and had a net profit of C$581 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BAM in relation to earlier this year.
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