HSBC Initiates Coverage On Brookfield Asset Mgmt with Buy Rating, Announces Price Target of $39
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Vikram Gandhi has initiated coverage on Brookfield Asset Management (NYSE:BAM) with a Buy rating and a price target of $39.
October 06, 2023 | 2:07 pm
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HSBC has initiated coverage on Brookfield Asset Management with a Buy rating and a price target of $39, which could potentially boost investor confidence in the stock.
The initiation of coverage by HSBC, a major financial institution, with a Buy rating indicates a positive outlook for Brookfield Asset Management. The price target of $39 also suggests that HSBC believes the stock is undervalued, which could attract more investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100