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Fly News Breaks for February 18, 2020
BAM
Feb 18, 2020 | 09:24 EDT
RBC Capital analyst Neil Downey raised his price target on Brookfield to $75 and kept his Outperform rating after its "solid" Q4, noting that 2019 was also a year of "significant accomplishment" for the company. The analyst expects 2020 to be a "notably stronger" year for Brookfield, forecasting a 19% increase in its fee-related earnings per share, adding that its 64B in deployable capital also represents a near all-time high.
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