Wells Fargo Initiates Coverage On Brookfield Asset Mgmt with Underweight Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Brookfield Asset Management (NYSE:BAM) with an Underweight rating and set a price target of $42.
September 12, 2024 | 1:09 pm
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Wells Fargo has initiated coverage on Brookfield Asset Management with an Underweight rating and a price target of $42, suggesting potential downside.
The Underweight rating and a price target of $42 from Wells Fargo suggest that the stock may underperform relative to the market. This could lead to a negative short-term impact on BAM's stock price as investors react to the analyst's bearish outlook.
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IMPORTANCE 80
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