09:30 AM EDT, 05/09/2025 (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 raise our target price by CAD2 to CAD89 using a forward P/E of 21.4x compared to the three-year historic average at 19.5x and the 10-year at 20.3x. We increase our 2025 distributed earnings estimate by $0.15 to $4.15 and 2026's by $0.10 to $4.55 per share. In Q1 2025, BN delivered strong results in Q1 2025 with DE at $0.98 versus consensus at $0.91, representing a 27% Y/Y increase. The company's asset management business showed robust performance with fee-related earnings (FRE) growing +26% Y/Y to $698B, driven by significant capital inflows and a +20% expansion in fee-paying AUM. We think BN is reinvesting excess cash flows into more attractively valued assets or businesses with recent market volatility. The company has also accelerated share repurchases, buying back $850M to date in 2025. We also cover Brookfield Asset Management (BAM 57 ***), which reported strong results earlier in the week.