Shares of Brookfield Asset Management Inc. (NYSE:BAM) are up more than 3% today following a positive write-up by Barron’s Michael Santoli, who thinks the stock could approach $70 in the next couple of years.
This would equate to a gain of roughly 25% from where the stock closed last week.
“With its formidable head start in the burgeoning field of infrastructure management, Brookfield looks well-positioned to continue pleasing investors,” Mr. Santoli wrote.
Brookfield’s chief executive Bruce Flatt acknowledged in the article that infrastructure investing is growing in popularity, saying this could make it more difficult to find new investments at the right price.
BAM 1-yr chart: