In a report released today, Cherilyn Radbourne from TD Securities reiterated a Buy rating on Brookfield Corporation (BN – Research Report), with a price target of $61.00.
Cherilyn Radbourne’s rating is based on Brookfield Corporation’s robust entry into 2024, showcasing a strong position that signals potential for growth. In her analysis, Radbourne considers the company’s recent performance and strategic initiatives that could drive the stock’s value upward.
Her Buy rating reflects confidence in Brookfield Corporation’s market strategy, particularly as it relates to its ability to navigate and capitalize on corporate PPA (Power Purchase Agreement) demand. This key area, alongside a favorable forecast for the coming quarters, has likely contributed to Radbourne’s positive outlook on the stock’s prospects.
In another report released on February 1, Scotiabank also maintained a Buy rating on the stock with a $49.00 price target.
See the top stocks recommended by analysts >>
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BN in relation to earlier this year.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
Brookfield Corporation (BN) Company Description:
Canada-based Brookfield Asset Management, Inc. is a leading alternative asset management company, focusing on real estate, renewable power, infrastructure and private equity. The company manages a range of public and private investment products and services for institutional and retail clients.
Read More on BN:
- Brookfield Corp. price target raised to $49 from $46.25 at Scotiabank
- Brookfield Corporation to Host Fourth Quarter 2023 Results Conference Call
- Brookfield Corp. price target raised to $46 from $42 at CIBC
- Brookfield Corporation Update on Initiatives for 2023
- Origin Energy Ramps Up its Stake in U.K.’s Octopus Energy
