Piper Sandler Reiterates Neutral on Brookfield Asset Mgmt, Lowers Price Target to $50
Piper Sandler analyst Crispin Love reiterates Brookfield Asset Mgmt (NYSE:BAM) with a Neutral and lowers the price target from $53 to $50.
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https://news.bloomberglaw.com/securities-law/westinghouse-said-to-target-over-50-billion-valuation-in-us-ipo
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Piper Sandler analyst Crispin Love reiterates Brookfield Asset Mgmt (NYSE:BAM) with a Neutral and lowers the price target from $53 to $50.
The article recommends three high-yield financial stocks positioned to maintain strong dividends even as interest rates rise: Realty Income (a REIT with 5.4% yield and 31 years of consecutive dividend increases), Brookfield Asset Management (4.2% yield with over $1 trillion in assets under management), and T. Rowe Price (4.8% yield with 39 years of consecutive dividend increases). These companies are better insulated from rising rate environments due to their scale, financial strength, and business models that don't directly depend on interest rate levels.
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