RBC Capital analyst Geoffrey Kwan reiterated a Buy rating on Brookfield Business Partners LP (NYSE: BBU) yesterday and set a price target of $45. The company’s shares closed on Friday at $40.17, close to its 52-week high of $41.50.
Kwan has an average return of 9.1% when recommending Brookfield Business Partners LP.
According to TipRanks.com, Kwan is ranked #2160 out of 4849 analysts.
Brookfield Business Partners LP has an analyst consensus of Moderate Buy, with a price target consensus of $45.
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Based on Brookfield Business Partners LP’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $35 million. In comparison, last year the company had a GAAP net loss of $3 million.
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Brookfield Business Partners LP specializes in business services and industrial operations. It operates though the following segments: Construction Services, Business Services, Other Industrials, Energy, and Corporate & Other.
