UBS Cuts Brookfield Asset Management Price Target to $52, Neutral Retained
UBS cut Brookfield Asset Management’s price target to $52 from $58 on February 20 while retaining a Neutral rating. This follows Morgan Stanley raising its target to $63 and BofA to $70, as Q4 fee-bearing capital climbed 12% to $603 billion and EPS beat consensus by $0.03.
1. UBS Lowers Price Target
On February 20, UBS reduced its Brookfield Asset Management price target to $52 from $58 and maintained a Neutral rating, reflecting cautious projections for fee-related earnings growth.
2. Peer Broker Revisions
Morgan Stanley raised its target to $63 on February 17 and kept an Equal Weight rating after updating its model post-Q4, while Bank of America lifted its target to $70 on February 9, maintaining a Neutral stance.
3. Q4 Operational Results
Brookfield reported Q4 EPS of $0.47 versus $0.44 consensus, fee-bearing capital rose 12% year-over-year to $603 billion, record quarterly fundraising hit $35 billion, fee-related earnings grew 22%, distributable earnings increased 14%, and the dividend was raised by 15%.