Brookfield Asset Mgmt (NYSE:BAM) Stock, Quote.Headers.trade-ideas

Brookfield Asset Mgmt

Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.

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News

Brookfield Asset Management inks $1.1B deal with Infinium to advance eFuels production, first direct investment in sustainable aviation fuel.

Brookfield Plans To Invest Up To $1.1B in eFuels: Details

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Lucid, Grifols And Amer Sports Are Among Top 8 Mid Cap Stock Gainers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?

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Brookfield Asset Management to acquire majority stake in Neoen. Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds in Neoen, with the intention of implementing a squeeze out. 

Brookfield Seals The Deal: Snags Major Stake In French Powerhouse Neoen

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B of A Securities analyst Craig Siegenthaler maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Neutral and raises the price target from $41 to $45.

Price Target

Analyst Ratings

B of A Securities Maintains Neutral on Brookfield Asset Mgmt, Raises Price Target to $45

Goldman Sachs analyst Alexander Blostein maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Buy and raises the price target from $41 to $47.

Goldman Sachs Maintains Buy on Brookfield Asset Mgmt, Raises Price Target to $47

Wells Fargo analyst Michael Brown initiates coverage on Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Underweight rating and announces Price Target of $42.

Initiation

Wells Fargo Initiates Coverage On Brookfield Asset Mgmt with Underweight Rating, Announces Price Target of $42

BMO Capital analyst Sohrab Movahedi maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Market Perform and raises the price target from $37 to $40.

BMO Capital Maintains Market Perform on Brookfield Asset Mgmt, Raises Price Target to $40

Brookfield Asset Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) shares are trading lower on Tuesday. The company disclosed a strategic funding partnership with Infinium to invest up to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40789228/brookfield-to-invest-up-to-1-1-billion-in-infinium-to-scale-ultra-low-carbon-efuels" rel="noreferrer noopener">$1.1 billion to advance eFuels production</a>.
As per the deal, Brookfield will invest more than $200 million in Infinium and its Project Roadrunner in West Texas, with up to an additional $850 million for other global Infinium eFuels projects, contingent on pre-agreed metrics.
This investment, made through the Brookfield Global Transition Fund (BGTF I), marks Brookfield&#8217;s first direct investment in sustainable aviation fuel and positions it as the lead in Infinium&#8217;s Series C Preferred Stock offering.
Notably, Infinium has recently secured a strategic deal with American Airlines, which will start purchasing commercial volumes of Infinium eSAF from Project Roadrunner in 2026.
Jehangir Vevaina, Managing Partner at Brookfield, said, &#8220;Our investment is structured to provide the capital Infinium needs to accelerate the production of sustainable aviation fuels to meet the growing demand from corporate customers while generating attractive risk-adjusted returns for Brookfield.&#8221;
&#8220;In addition to Roadrunner, Infinium has a large pipeline of well positioned projects to help meet the demand for the structurally short eFuels market, and we are looking forward to the opportunity to participate in the development of further eFuels projects through follow-on investments.&#8221;&nbsp;
In June, Brookfield Asset Management agreed to acquire a 53.12% stake in France&#8217;s Neoen. Brookfield&#8217;s offer implies an equity value of 100% of the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39478933/brookfield-seals-the-deal-snags-major-stake-in-french-powerhouse-neoen" rel="noreferrer noopener">shares of EUR 6.1 billion</a>.
Price Action: BAM shares are down 0.57% at $41.98 at the last check Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Under the terms of the deal, Brookfield has committed to invest more than&nbsp;$200 million&nbsp;in Infinium and Infinium&#39;s Project Roadrunner that is under development in&nbsp;West Texas&nbsp;and up to an additional&nbsp;$850 million&nbsp;for deployment of other Infinium eFuels projects globally, all subject to pre-agreed metrics.&nbsp;

Brookfield, Infinium Announces Strategic Funding Partnership; Brookfield To Invest Up To $1.1B

These eight mid-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares soared 32.91%. The company announced that Lucid Financial Services has added leasing to its range of <a href="https://www.benzinga.com//node/40466130" target="_blank" rel="noreferrer noopener">financing options in Canada</a>. Fed Chair Powell&#8217;s comments about the economy and interest rate cuts also improved the sentiment.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) stock rose 32.04% after it reported second-<a href="https://www.benzinga.com//node/40487035" target="_blank" rel="noreferrer noopener">quarter financial results</a>.</li>
<li>PROCEPT BioRobotics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCT#NASDAQ">PRCT</a>) shares escalated 22.67% after the company announced FDA 510(k) clearance of <a href="https://www.benzinga.com//node/40481411" target="_blank" rel="noreferrer noopener">its HYDROS Robotic system</a>.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares were up 20.02%.</li>
<li>Evolent Health, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) stock upped 19.98% following a report suggesting <a href="https://www.benzinga.com//node/40529349" target="_blank" rel="noreferrer noopener">the company is exploring a sale</a>.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) shares jumped 19.50% following a report suggesting that Brookfield Asset Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) is seeking debt financing to acquire the company.</li>
<li>Nuvalent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) stock increased 19.33%.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) stock escalated 16.60% after it reported better-than-expected second-quarter <a href="https://www.benzinga.com//node/40466836" target="_blank" rel="noreferrer noopener">results and raised its FY24 EPS outlook</a>.</li>
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<li><a href="https://www.benzinga.com/news/large-cap/24/08/40543907/snowflake-jd-com-and-temu-parent-pdd-are-among-top-8-large-cap-losers-last-week-aug-18-aug-24-are-" target="_blank" rel="noreferrer noopener">Snowflake, JD.com And Temu Parent PDD Are Among Top 8 Large Cap Losers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?</a></li>
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Shares of companies within the broader financial sector are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

Brookfield Reportedly In Talks With Banks Including UBS And Bank Of America To Fund Grifols Takeover Bid

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and lowers the price target from $46 to $45.5.

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Lowers Price Target to $45.5

Deutsche Bank analyst Brian Bedell maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Buy and raises the price target from $43 to $44.

Deutsche Bank Maintains Buy on Brookfield Asset Mgmt, Raises Price Target to $44

JP Morgan analyst Kenneth Worthington maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Neutral and lowers the price target from $42 to $41.

JP Morgan Maintains Neutral on Brookfield Asset Mgmt, Lowers Price Target to $41

Earnings

Brookfield Asset Management Q2 2024 GAAP EPS $0.30 May Not Compare To $0.79 Estimate, Sales $916.00M Miss $1.24B Estimate

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Jefferies analyst Daniel Fannon initiates coverage on Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Hold rating and announces Price Target of $43.

Jefferies Initiates Coverage On Brookfield Asset Mgmt with Hold Rating, Announces Price Target of $43

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and raises the price target from $44.5 to $46.

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Raises Price Target to $46

JP Morgan analyst Kenneth Worthington maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Neutral and raises the price target from $41 to $42.

JP Morgan Maintains Neutral on Brookfield Asset Mgmt, Raises Price Target to $42

CIBC analyst Nik Priebe maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Outperformer and raises the price target from $47 to $49.

CIBC Maintains Outperformer on Brookfield Asset Mgmt, Raises Price Target to $49

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Shares of companies within the broader financial sector are trading higher following recent CPI data.

In a report released today, Robert Kwan from RBC Capital assigned a Buy rating to Brookfield Asset Management Ltd. Class A (BAM – Research Report),...

Brookfield Asset Management Ltd. Class A (BAM) Receives a New Rating from a Top Analyst

Brookfield to invest up to $1.1B in green fuel maker Infinium

Goldman Sachs analyst Alexander Blostein has maintained their bullish stance on BAM stock, giving a Buy rating yesterday. Alexander Blostein's rati...

Brookfield Asset Management: A Strong Buy on Projected Doubling of Fee-Related Earnings and Robust Growth Prospects

Bank of America Securities analyst Craig Siegenthaler has reiterated their neutral stance on BAM stock, giving a Hold rating yesterday. Craig Siege...

Hold Rating on Brookfield Asset Management: Strong Prospects Balanced by High Valuation and Growth Concerns

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Press Releases

Brookfield Asset Management Announces Results of Annual Meeting of Shareholders

Financing

Brookfield Opens Fundraising for Catalytic Transition Fund with Anchor Commitment from ALTÉRRA Targeted to Raise up to $5 billion to Scale Up Climate Finance in Emerging Markets

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Brookfield Asset Mgmt (NYSE:BAM) Stock, Quote.Headers.trade-ideas