RBC Capital Sticks to Their Buy Rating for Brookfield Business Partners (BBU)

In a report released on November 7, Bart Dziarski from RBC Capital maintained a Buy rating on Brookfield Business Partners, with a price target of $43.00. The company’s shares closed yesterday at C$42.96.

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Dziarski covers the Financial sector, focusing on stocks such as IGM Financial, Brookfield Asset Management Ltd. Class A, and Brookfield Corporation. According to TipRanks, Dziarski has an average return of 1.1% and a 48.65% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Business Partners with a $38.60 average price target, implying a -10.15% downside from current levels. In a report released on November 7, Scotiabank also maintained a Buy rating on the stock with a $39.00 price target.

Based on Brookfield Business Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$6.92 billion and a GAAP net loss of C$25 million. In comparison, last year the company earned a revenue of C$9.23 billion and had a net profit of C$116 million