BMO Capital Reiterates Outperform Rating, $36 PT for Brookfield Asset Management

In a report issued earlier today, BMO Capital Markets reiterated its Outperform rating and $36 price target on Brookfield Asset Management Inc.

. BMO Capital said in the report that recent events “ should provide greater transparency for BAM as a global asset manager and better delineate for investors the operating platforms vs. the fee streams. We believe this is marginally net cash flow positive to BAM, and on a proportionally consolidated basis should have a slight positive impact on intrinsic value. Overall, we view this initiative as a positive development as investors will welcome the simplification.” Brookfield Asset Management Inc. closed at $31.01 on Friday.