Analyst Rating Update on Brookfield Asset Management Inc (BAM)

Brookfield Asset Management Inc (NYSE:BAM) : 4 analysts are covering Brookfield Asset Management Inc (NYSE:BAM) and their average rating on the stock is 1.5, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Brookfield Asset Management Inc (NYSE:BAM) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels.

Brookfield Asset Management Inc (NYSE:BAM) : The consensus price target for Brookfield Asset Management Inc (NYSE:BAM) is $39.44 for the short term with a standard deviation of $1.85. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $37.

For the current week, the company shares have a recommendation consensus of Buy. Also, Keefe Bruyette & Woods initiates coverage on Brookfield Asset Management Inc (NYSE:BAM) . The global brokerage major announces a current price target of $41 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Outperform on the shares. The rating by the firm was issued on May 24, 2016.

Brookfield Asset Management Inc (NYSE:BAM): stock turned positive on Tuesday. Though the stock opened at $32.51, the bulls momentum made the stock top out at $32.8 level for the day. The stock recorded a low of $32.16 and closed the trading day at $32.46, in the green by 1.12%. The total traded volume for the day was 1,019,050. The stock had closed at $32.1 in the previous days trading.

Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Company operates in eight segments: Asset Management, property, renewable energy, infrastructure, private equity, residential development, service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.

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