BROOKFIELD ASSET MANAGEMENT LTD: SCOTIABANK LOWERS TARGET PRICE FROM $64 TO $56
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Should l Buy BAM?
Source: moomoo
Company Overview: Brookfield Asset Management Ltd. is involved in managing various investment assets.
Target Price Adjustment: Scotia Bank has reduced its target price for Brookfield Asset Management from $64 to $56.
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Analyst Views on BAM
Wall Street analysts forecast BAM stock price to rise
9 Analyst Rating
5 Buy
4 Hold
0 Sell
Moderate Buy
Current: 42.870
Low
56.59
Averages
64.98
High
74.46
Current: 42.870
Low
56.59
Averages
64.98
High
74.46
About BAM
Brookfield Asset Management Ltd. is a global alternative asset manager. The Company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Its products have three categories, which include long-term private funds, permanent capital vehicles and perpetual strategies, and liquid strategies. These are invested across five principal strategies: renewable power and transition, infrastructure, real estate, private equity, and credit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Brookfield to Acquire Boralex for C$9B, Enhancing Renewable Energy Portfolio
- Acquisition Details: Brookfield Asset Management and Caisse de Depot et Placement du Quebec have agreed to acquire Canadian renewable energy firm Boralex for C$37.25 per share in cash, totaling approximately C$9 billion (US$6.5 billion), which represents a 32% premium over Boralex's closing price on March 20, reflecting strong confidence in the renewable energy market.
- Shareholder Structure Change: La Caisse, currently the largest shareholder of Boralex with about 15% of common shares, has agreed to invest in the resulting private company, increasing its pro forma ownership to 30%, thereby enhancing its influence in corporate decision-making.
- Strategic Investment Background: A year ago, La Caisse acquired Boralex's largest local rival, Innergex Renewable Energy, for approximately C$10 billion (US$7.3 billion), demonstrating its ongoing investment strategy in the renewable energy sector aimed at solidifying its market position.
- Brookfield's Investment Direction: In recent years, Brookfield has actively invested in clean energy, including deals for French renewable developer Neoen, and this acquisition further strengthens its global renewable energy portfolio, aligning with its long-term growth strategy.
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Boralex Enters Acquisition Agreement with Brookfield and La Caisse
- Transaction Overview: Boralex has entered into an acquisition agreement with Brookfield and La Caisse, offering shareholders $37.25 per share in cash, representing a 31.8% premium, with a total transaction value of $9 billion, reflecting strong confidence in the company's future growth.
- Shareholder Support: La Caisse, Boralex's largest shareholder, has agreed to support the transaction and increase its stake to 30% post-transaction, ensuring stability and financial backing for the company's future development.
- Strategic Development: This transaction will accelerate the execution of Boralex's 2030 strategic plan, with Brookfield and La Caisse providing operational and financial support to enhance the company's leadership in the renewable energy sector.
- Market Outlook: The transaction is expected to close in Q4 2026, allowing Boralex to continue operating independently while focusing on meeting the growing renewable energy demands in North America and internationally.
See More
Boralex Enters Acquisition Agreement with Brookfield and La Caisse
- Transaction Overview: Boralex has entered into an agreement with Brookfield and La Caisse to acquire all common shares at $37.25 each, representing a 31.8% premium over the March 20, 2026 closing price, providing shareholders with immediate liquidity and certainty of value.
- Enterprise Value: The total enterprise value of the transaction is approximately $9.0 billion, or $9.7 billion on a combined basis, reflecting a 13 times multiple on the 2026E consensus EBITDA, showcasing Boralex's robust asset base and growth potential in the renewable energy sector.
- Shareholder Support: La Caisse, Boralex's largest shareholder, has agreed to support the transaction and will increase its ownership to 30% post-transaction, providing long-term investor backing to help execute Boralex's 2030 strategic plan.
- Future Development: The transaction is expected to close in Q4 2026, with Boralex continuing to operate independently, leveraging resources from Brookfield and La Caisse to accelerate project development and enhance competitiveness in North American and international markets.
See More
BORALEX INC: HEADQUARTERS TO REMAIN IN QUÉBEC
- Company Announcement: Boralex Inc. has confirmed that it will maintain its headquarters in Quebec.
- Strategic Decision: The decision reflects the company's commitment to its roots and operational base in the region.
See More
BORALEX INC - AGREEMENT INVOLVES $115 MILLION TERMINATION FEE AND $172 MILLION REVERSE TERMINATION FEE
- Termination Fees: Boralex Inc. has announced a deal that includes a termination fee of $115 million.
- Reverse Termination Fee: The agreement also specifies a reverse termination fee amounting to $172 million.
See More
BORALEX INC - TRANSACTION SUGGESTS EQUITY VALUATION OF APPROXIMATELY $3.8 BILLION
Boralex Inc. Deal: Boralex Inc. has completed a significant deal that impacts its equity value.
Equity Value Implication: The deal implies an equity value of approximately $3.8 billion for the company.
See More
Brookfield to Acquire Boralex for C$9B, Enhancing Renewable Energy Portfolio
- Acquisition Details: Brookfield Asset Management and Caisse de Depot et Placement du Quebec have agreed to acquire Canadian renewable energy firm Boralex for C$37.25 per share in cash, totaling approximately C$9 billion (US$6.5 billion), which represents a 32% premium over Boralex's closing price on March 20, reflecting strong confidence in the renewable energy market.
- Shareholder Structure Change: La Caisse, currently the largest shareholder of Boralex with about 15% of common shares, has agreed to invest in the resulting private company, increasing its pro forma ownership to 30%, thereby enhancing its influence in corporate decision-making.
- Strategic Investment Background: A year ago, La Caisse acquired Boralex's largest local rival, Innergex Renewable Energy, for approximately C$10 billion (US$7.3 billion), demonstrating its ongoing investment strategy in the renewable energy sector aimed at solidifying its market position.
- Brookfield's Investment Direction: In recent years, Brookfield has actively invested in clean energy, including deals for French renewable developer Neoen, and this acquisition further strengthens its global renewable energy portfolio, aligning with its long-term growth strategy.
See More
Boralex Enters Acquisition Agreement with Brookfield and La Caisse
- Transaction Overview: Boralex has entered into an acquisition agreement with Brookfield and La Caisse, offering shareholders $37.25 per share in cash, representing a 31.8% premium, with a total transaction value of $9 billion, reflecting strong confidence in the company's future growth.
- Shareholder Support: La Caisse, Boralex's largest shareholder, has agreed to support the transaction and increase its stake to 30% post-transaction, ensuring stability and financial backing for the company's future development.
- Strategic Development: This transaction will accelerate the execution of Boralex's 2030 strategic plan, with Brookfield and La Caisse providing operational and financial support to enhance the company's leadership in the renewable energy sector.
- Market Outlook: The transaction is expected to close in Q4 2026, allowing Boralex to continue operating independently while focusing on meeting the growing renewable energy demands in North America and internationally.
See More
Boralex Enters Acquisition Agreement with Brookfield and La Caisse
- Transaction Overview: Boralex has entered into an agreement with Brookfield and La Caisse to acquire all common shares at $37.25 each, representing a 31.8% premium over the March 20, 2026 closing price, providing shareholders with immediate liquidity and certainty of value.
- Enterprise Value: The total enterprise value of the transaction is approximately $9.0 billion, or $9.7 billion on a combined basis, reflecting a 13 times multiple on the 2026E consensus EBITDA, showcasing Boralex's robust asset base and growth potential in the renewable energy sector.
- Shareholder Support: La Caisse, Boralex's largest shareholder, has agreed to support the transaction and will increase its ownership to 30% post-transaction, providing long-term investor backing to help execute Boralex's 2030 strategic plan.
- Future Development: The transaction is expected to close in Q4 2026, with Boralex continuing to operate independently, leveraging resources from Brookfield and La Caisse to accelerate project development and enhance competitiveness in North American and international markets.
See More
BORALEX INC: HEADQUARTERS TO REMAIN IN QUÉBEC
- Company Announcement: Boralex Inc. has confirmed that it will maintain its headquarters in Quebec.
- Strategic Decision: The decision reflects the company's commitment to its roots and operational base in the region.
See More
BORALEX INC - AGREEMENT INVOLVES $115 MILLION TERMINATION FEE AND $172 MILLION REVERSE TERMINATION FEE
- Termination Fees: Boralex Inc. has announced a deal that includes a termination fee of $115 million.
- Reverse Termination Fee: The agreement also specifies a reverse termination fee amounting to $172 million.
See More
BORALEX INC - TRANSACTION SUGGESTS EQUITY VALUATION OF APPROXIMATELY $3.8 BILLION
Boralex Inc. Deal: Boralex Inc. has completed a significant deal that impacts its equity value.
Equity Value Implication: The deal implies an equity value of approximately $3.8 billion for the company.
See More
