Hulk Hogan, wrestling icon, dies at 71 in Florida home
Investing.com - Piper Sandler initiated coverage on Brookfield Asset Management (NYSE:BAM), a $94.31 billion asset manager, with a Neutral rating and a $60.00 price target. According to InvestingPro data, the stock currently trades at a P/E ratio of 41.67x.
The price target represents approximately 30 times the firm’s estimated 2026 earnings for the alternative asset manager, according to research released Monday.
Piper Sandler noted the Neutral rating is primarily a valuation call, as BAM currently trades at approximately 27.5x, which is toward the higher end of the range for alternative asset managers.
The research firm believes this valuation "appropriately reflects a best-in-class return profile" and acknowledges BAM’s significantly simplified organizational structure in recent years positions it for possible S&P 500 inclusion as a potential catalyst.
Piper Sandler highlighted three key strengths: BAM’s strong fundraising capabilities, its positioning in fast-growing sectors with long-term tailwinds, and its leading transaction execution enhanced by operational capabilities that have delivered attractive returns.
In other recent news, Brookfield Asset Management reported record earnings for the first quarter of 2025, with fee-related earnings rising 26% to $698 million and distributable earnings increasing 20% to $654 million. The company highlighted significant growth in fee-bearing capital, now at $549 billion, marking a 20% year-over-year increase. Brookfield also announced a major investment of up to $10 billion in Swedish AI infrastructure, aiming to establish a new AI center in Strängnäs, which is expected to create over 1,000 permanent jobs. Additionally, Brookfield is preparing to secure around $3 billion in debt financing for its acquisition of Colonial Enterprises, the operator of the Colonial Pipeline in the United States. RBC Capital has raised its price target for Brookfield Asset Management to $72, maintaining an Outperform rating, citing the company’s strong position in the alternative asset management sector. The firm is optimistic about Brookfield’s growth prospects in private credit and structured investments, aiming to raise between $80 billion and $90 billion in 2025. These developments reflect Brookfield’s strategic initiatives and robust financial performance amidst global economic uncertainties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.