Piper Sandler Cuts Brookfield Asset Management Price Target To $60, Keeps Neutral Rating

Piper Sandler lowered its price target on Brookfield Asset Management (NYSE:BAM) to $60 from $65 while maintaining a Neutral rating.

The firm noted that Brookfield hosted its investor day in New York City, featuring presentations from CEO Bruce Flatt, President Conor Teskey, and CFO Hadley Peer Marshall. A key highlight was the company's plan to double assets under management (AUM) and earnings by 2030. Analysts pointed to digital infrastructure and retirement accounts such as 401(k)s as long-term growth drivers for the firm.

Piper Sandler said it cut its target price multiple to ~30x 2026 estimated adjusted EPS from ~32.5x previously, reflecting recent multiple compression among peers.