Citigroup Inc. Lowers Brookfield Asset Management Inc (BAM.A) Price Target to C$49.50

Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) had its price objective dropped by stock analysts at Citigroup Inc. from C$50.00 to C$49.50 in a research report issued to clients and investors on Monday. Citigroup Inc.’s target price indicates a potential downside of 6.05% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price target on shares of Brookfield Asset Management to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Scotiabank raised their price target on shares of Brookfield Asset Management to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.

Shares of Brookfield Asset Management (TSE BAM.A) opened at C$52.69 on Monday. Brookfield Asset Management has a 52-week low of C$43.03 and a 52-week high of C$54.43.

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About Brookfield Asset Management

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

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