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BBU

Brookfield Business Partners L.P.

https://bbu.brookfield.com

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Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P. is based in Hamilton, Bermuda. Brookfield Business Partners L.P. operates as a subsidiary of Brookfield Asset Management Inc.

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RBC Capital analyst Geoffrey Kwan has reiterated an Outperform rating on Brookfield Business Partners (NYSE:BBU) and maintained a $32 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:16 pm

RBC Capital analyst Geoffrey Kwan reiterates an Outperform rating on Brookfield Business Partners (NYSE:BBU) and maintains a $32 price target.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:35 pm

Brookfield Business Partners (NYSE:BBU) reported Q2 sales of $11.946 billion, a decrease of 11.55% from $13.506 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:49 am

Brookfield Business Partners announced that its dealer software and technology services operation, CDK Global, experienced unauthorized cyber activity on June 19. CDK promptly shut down systems, engaged third-party experts, and notified law enforcement. Brookfield does not expect this incident to have a material impact on its business.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:09 pm

CDK Global is working to restore its dealer management system (DMS) after cyberattacks impacted 15,000 U.S. car dealerships. The company aims to have all dealer connections live by July 4th. CDK Global was acquired by Brookfield Business Partners (NYSE:BBU) in 2022. Additionally, Advance Auto Parts (NYSE:AAP) is investigating a potential data attack connected to Snowflake (NYSE:SNOW).

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 10:20 am

CDK Global, an automotive data provider, experienced a cyber incident that disrupted operations across the U.S. and Canada. The company, acquired by Brookfield Business Partners in 2022, is actively investigating the issue and working to restore functionality. This incident highlights the vulnerability of automotive-related companies to cyber attacks.

Portfolio Pulse from Anthony Noto

June 19, 2024 | 8:44 pm

BMO Capital analyst Devin Dodge maintains an Outperform rating on Brookfield Bus Partners (NYSE:BBU) and raises the price target from $30 to $31.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:49 pm

Brookfield Bus Partners (BBU) reported Q1 2024 FFO of $1.53 per share, surpassing the $0.86 estimate, but their sales of $12.056B fell short of the $15.988B estimate. This represents a decrease in both earnings and sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:12 am

Benzinga Insights highlights 5 value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. The stocks include Hertz Global Holdings (HTZ), Brookfield Bus Partners (BBU), Navios Maritime Partners (NMM), Performance Shipping (PSHG), and AGCO (AGCO), each with recent financial performance data indicating varying degrees of earnings and dividend yield changes.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:41 pm

Scotiabank analyst Phil Hardie has maintained a Sector Outperform rating on Brookfield Bus Partners (NYSE:BBU) and increased the price target from $26.5 to $28.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:14 pm

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