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Actionable news in BAM: BROOKFIELD ASSET MANAGEMENT INC,

Brookfield Asset Management (BAM) Stock Price Target Upped at Canaccord Genuity

NEW YORK (TheStreet) -- Brookfield Asset Management (BAM) stock price target was raised to $38 from $36 at Canaccord Genuity on Monday. The firm has a "buy" rating on the stock.

The higher price target comes after the Toronto-based asset management company posted its 2016 first quarter results on Friday.

Brookfield reported earnings of 23 cents per share, lower than analysts' projections of 27 cents per share. But revenue came in at $5.22 billion, surpassing analysts' estimates of $4.54 billion.

The...


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