JP Morgan Maintains Overweight on Brookfield, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains an Overweight rating on Brookfield (NYSE:BN) and raises the price target from $48 to $52.
February 01, 2024 | 2:25 pm
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JP Morgan has maintained an Overweight rating on Brookfield and increased the price target from $48 to $52.
The upgrade in price target by a reputable analyst like Kenneth Worthington from JP Morgan is a strong positive signal for Brookfield. It suggests a bullish outlook on the stock, likely due to favorable analysis of the company's fundamentals, growth prospects, or market position. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100