NEW YORK (TheStreet) -TheStreet Ratings' stock model upgraded Brookfield Asset Management (BAM) to 'Buy' from 'Hold'. Net income at this $18.5 billion market cap, asset manager grew by 968% to $1.1 billion in the fourth quarter when compared to the year earlier quarter.
TheStreet Ratings released rating changes on 10 U.S. common stocks for February 18, 2011. In total, eight stocks were upgraded and two stocks were downgraded by our stock model.
In the fourth quarter, Brookfield Asset Management reported $4.1 billion in revenue, an increase of 18.1% compared to the year earlier quarter. Learn more about Brookfield Asset Management: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.
$111 million market cap, exploration & production company, Double Eagle Petroleum Co (DBLE) was upgraded to 'Buy' from 'Hold'. In third quarter results, Double Eagle Petroleum reported a profit of $2.9 million up by 588% over the year earlier quarter. Over the same time period, revenue grew by 13.4% to $12.3 million. Learn more about Double Eagle Petroleum: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.-- Reported by Kevin Baker in Jupiter, FL.
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