Credit Suisse Starts Brookfield Business Partners L.P. (BBU) at Outperform

November 16, 2016 7:30 AM EST
Get Alerts BBU Hot Sheet
Price: $24.98 --0%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Credit Suisse initiates coverage on Brookfield Business Partners L.P. (NYSE: BBU) with a Outperform rating and a price target of $29.00.

Analyst N. Stogdill commented, "BBU is Brookfield's flagship private equity arm, which operates businesses across a diverse set of global industries. We believe BBU offers investors an attractive combination of downside protection from its ownership of several established, highquality franchises, while investments in "out of favour" businesses create the potential for meaningful capital appreciation if BBU executes on value enhancing initiatives. Looking beyond the current platforms, deployment of excess liquidity could add up to US$4 or 17% to BBU's unit price."

For an analyst ratings summary and ratings history on Brookfield Business Partners L.P. click here. For more ratings news on Brookfield Business Partners L.P. click here.

Shares of Brookfield Business Partners L.P. closed at $22.80 yesterday.

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