Analysts Are Downgrading These 5 Stocks

03. Brookfield Corporation (NYSE:BN)

Number of Hedge Fund Holders: 49

Keefe Bruyette analyst Michael Brown downgraded Brookfield Corporation (NYSE:BN) from Outperform to Market Perform on May 12 and adjusted the price target from $45 to $39. According to the analyst’s research note, although Brookfield Corporation (NYSE:BN) reported a beat in its recent quarter due to realized carried interest, the overall performance was relatively in line with expectations. The analyst expresses concerns about the early stages of real estate stress and believes that these concerns will continue to negatively impact the company’s shares. Keefe Bruyette does not anticipate any catalysts in the near term that would narrow the valuation gap between the stock and its net asset value. As a result, the firm expects the shares to remain range-bound.