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Fly News Breaks for January 21, 2020
BBU
Jan 21, 2020 | 06:41 EDT
RBC Capital analyst Geoffrey Kwan upgraded Brookfield Business Partners to Outperform from Sector Perform with a price target of $51, up from $47. The analyst contends that the stock is attractively valued, trading at a 4% discount relative to net asset value. Kwan also believes that Brookfield Business Partners can deliver mid-teen growth in net asset value and offers investors an "attractive long-term principal investing story" based on its strong track record.
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