01:00 PM EDT, 05/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target by CAD3 to CAD82 on a forward P/E of 34.4x compared to the three-year historic average at 27.0x given BAM's premier businesses and global scale. We leave our fee-related earnings (FRE) at $1.72 in 2025 and $2.00 in 2026, with our revenue views at $5.1B and $5.85B, respectively. BAM reported strong Q1 2025 results, with FRE up 26% Y/Y to $0.43, beating consensus by $0.03, while distributable earnings grew 20% and net income rose 32% to $581M. BAM takes a conservative approach to debt leverage. We think BAM's largest investments in real estate, renewables, and infrastructure funds are market leaders while it plays catch up on private credit or insurance funds. BAM has deployed or committed $62B of capital in LTM, and North America was 60% of total capital deployed, followed by Europe at 28% and Asia at 12%. BAM raised its equity stake in Oaktree by 1.5% to 74%, which is part of Credit. We think BAM is well positioned to capitalize on trends in AI-related infrastructure and renewable energy.