Brookfield Asset Management Inc
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Financials : Capital Markets | Large Cap Blend
Based in Canada
Company profile

Brookfield Asset Management Inc. is an alternative asset manager. Its operations are organized into its seven operating segments. Asset management operations include managing its listed partnerships (LP), private funds and public securities on behalf of its investors. Real estate operations include the ownership, operation and development of core office, core retail, LP investments and other properties. Renewable power operations include the ownership, operation and development of hydroelectric, wind, solar, storage and other power generating facilities. Infrastructure operations include the ownership, operation and development of utilities, transport, energy, data infrastructure and sustainable resource assets. Private equity operations include a broad range of industries and are mostly focused on business services, infrastructure services and industrials. Residential development operations consist of homebuilding, condominium development and land development.

Postmarket

Last Trade
Delayed
$32.90
-0.0138 (-0.04%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$32.91
Day's Change
-0.55 (-1.64%)
Bid
--
Ask
--
B/A Size
--
Day's High
33.45
Day's Low
32.66
Volume
(Heavy Day)
Volume:
2,399,606

10-day average volume:
1,897,083
2,399,606

Netflix's stock gets another price target boost, this time from Morgan Stanley's Benjamin Swinburne

10:54 am ET July 15, 2020 (MarketWatch)
Print

Another analyst raised their price target on Netflix Inc.'s stock (NFLX) Wednesday, with Morgan Stanley's Benjamin Swinburne the latest to boost his outlook on the streaming video company just ahead of earnings (http://www.marketwatch.com/story/netflix-in-the-age-of-covid-19-streaming-pioneer-may-have-new-edge-on-competition-2020-04-07), citing expectations of "higher long-term penetration and margins." Swinburne raised his target by 19% to $575, which is about 10% above current prices, from $485. He reiterated the overweight rating he's had on the stock for at least the past five years. "There is much debate over the pull-forward effect of the [COVID-19] pandemic on Netflix's strong member growth," Swinburne wrote in a note to clients. "Less discussed but potentially quite profound is the benefit of greater scale, sooner." He said he believes the greater scale will accelerate engagement growth even in Netflix's most mature markets and put pressure on its primary competition, the incumbent TV broadcasters. There have now been no less than eight price target increases in the past week, and 10 target increases this month, according to FactSet. The average price target has increased to $494.29, which is 5.4% below current levels, from $468.34 at the end of June. Netflix is scheduled to report second-quarter earnings after Thursday's closing bell. Netflix's stock slipped 0.4% in morning trading, putting it on track for a third-straight loss since closing at a record $548.73 on Friday. It has run up 14.9% this month, while the S&P 500 has gained 4.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 15, 2020 10:54 ET (14:54 GMT)

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