11:33 AM EDT, 04/10/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) looks "well-positioned" due to its infrastructure business and it is creating an insurance business that reproduces the "success" of APO, BofA Securities wrote in a Thursday note.

There are numerous drivers supporting the Alts, including general partner integrations, infrastructure, insurance, and private wealth, analyst Craig Siegenthaler wrote.

The market is currently undervaluing the company's fee-related earnings which is a "rich profit" stream, the analyst added.

BofA expects Brookfield to report Q1 earnings of $0.42 per share.

BofA Securities upgraded Brookfield to buy from neutral with a $65 price target.

Shares of the company were down 1.8% in recent Thursday trading.

Price: 46.16, Change: -0.86, Percent Change: -1.83