Wells Fargo Maintains Underweight on Brookfield Asset Mgmt, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Brown maintains an Underweight rating on Brookfield Asset Management (NYSE:BAM) but raises the price target from $42 to $48.
October 09, 2024 | 3:28 pm
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Wells Fargo's analyst maintains an Underweight rating on Brookfield Asset Management but raises the price target from $42 to $48, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the increase in price target from $42 to $48 indicates a slightly improved outlook. This mixed signal may result in a neutral short-term impact on BAM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100