Deutsche Bank Starts Brookfield Renewable Energy (BEP) at Sell

September 28, 2018 5:44 AM EDT
Get Alerts BEP Hot Sheet
Price: $34.80 --0%

Rating Summary:
    11 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 10 | New: 10
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Deutsche Bank analyst Jonathan Arnold initiates coverage on Brookfield Renewable Energy (NYSE: BEP) with a Sell rating and a price target of $28.00.

The analyst comments " today's levels BEP looks fundamentally expensive to us given 1) a riskier than average asset mix; 2) distribution levels well in excess of sustainable cash flows; 3) sub-optimal governance; and 4) a growth strategy based mostly on opportunistic M&A which may move the portfolio still further up the risk spectrum over time."

For an analyst ratings summary and ratings history on Brookfield Renewable Energy click here. For more ratings news on Brookfield Renewable Energy click here.

Shares of Brookfield Renewable Energy closed at $30.19 yesterday.

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