Deutsche Bank Upgrades Brookfield Asset Mgmt to Buy, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Brian Bedell upgraded Brookfield Asset Management (NYSE:BAM) from Hold to Buy and increased the price target from $33 to $45.
December 18, 2023 | 4:21 pm
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Brookfield Asset Management was upgraded by Deutsche Bank from Hold to Buy with a raised price target from $33 to $45.
Upgrades by major banks typically lead to a positive short-term reaction in the stock price as they suggest improved future performance and investor sentiment. The significant increase in the price target also implies a higher expected value for the stock, which can attract more buyers.
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