UPDATE: Scotia Capital Lowering Price Target On Brookfield Asset Management

Scotia Capital is out with a research report on Brookfield Asset Management (NYSE:

) and is maintaining its Sector Outperform rating and is lowering its price target to $35. In a note to clients, Scotia Capital writes, "Grassroots operations and healthy access to debt disconnected from choppy capital markets. While there were some puts and takes (as always), we believe the Q reflects stable ops. across major platforms. Significant core liquidity and ready access to cheap debt position BAM for capital deployment opportunities, a share price catalyst in our view." Shares of BAM closed at $29.78 yesterday.