Bank of America Upgrades Brookfield Asset Management to Buy with $65 Price Target, Citing Robust Growth Potential.

Bank of America has upgraded Brookfield Asset Management (BAM) to Buy from Neutral with a $65 price target. The financial institution highlighted Brookfield's leading position in the global infrastructure sector and its strategic expansion into the insurance market, paralleling Apollo Global Management's success. Brookfield's defensive and profitable fee-related earnings stream is undervalued, making it a compelling investment opportunity.