Piper Sandler starts Brookfield Asset Management with 'neutral' rating

Piper Sandler starts coverage of Canadian asset manager Brookfield Asset Management BAM.TO with "neutral" rating

Brokerage says BAM's strong fundraising capabilities benefiting from innovation and scaling to deliver growth

Brokerage sets PT at $60, a ~8.9% upside on stock's last close

Eight of 17 brokerages rate the stock "buy" or higher, six "hold" and three "sell" or "strong sell"; their median PT is $57.50 - data compiled by LSEG

Including session's moves, stock up ~2% YTD