Goldman Sachs Maintains Buy on Brookfield Asset Mgmt, Lowers Price Target to C$41
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein has reaffirmed a Buy rating on Brookfield Asset Management (NYSE:BAM) but reduced the price target from C$50.92 to C$41.
November 30, 2023 | 2:34 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Brookfield Asset Management but lowers the price target, indicating continued confidence in the company's performance despite a reduced growth outlook.
While the reduction in price target may suggest a tempered growth expectation for Brookfield Asset Management, the maintenance of a Buy rating by a reputable analyst like Goldman Sachs could still signal underlying strength in the company's fundamentals. Investors may perceive the price target cut as a negative factor, but the reaffirmed Buy rating could balance the sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100