NEW YORK (TheStreet) -- Shares of Brookfield Asset Management (BAM) were rising on heavy volume in mid-afternoon trading on Thursday as RBC Capital raised the stock's rating to "top pick" from "outperform," the Fly reports.
The firm has a $41 price target on shares of the Toronto-based alternative asset manager.
RBC Capital said the company is executing well, while its valuation is favorable vs. other names in the sector, the Fly noted. Brookfield also has key competitive advantages, according to the firm.
More than 1.44 million of the company's shares traded so far today compared to its average volume of 766,931 shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year.
But the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: BAM