Morgan Stanley Raises its Price Target on Brookfield Asset Management Ltd. (BAM) to $63 and Maintains an Equal Weight Rating

Group 1 - Morgan Stanley raised its price target on Brookfield Asset Management Ltd. (BAM) to $63 from $62 while maintaining an Equal Weight rating [1] - Brookfield Asset Management reported Q4 EPS of 47 cents, exceeding the consensus estimate of 44 cents, with fee-bearing capital growing to $603 billion, a 12% year-over-year increase [2] - The company achieved record quarterly fundraising of $35 billion and $112 billion over the last year, with CEO Connor Teskey highlighting significant growth in fee-related earnings by 22% year-over-year and distributable earnings by 14% [2] - The board declared a quarterly dividend of 50.25 cents per share, representing a 15% increase, payable on March 31 to shareholders of record as of February 27 [2] Group 2 - Brookfield Asset Management Ltd. specializes in private equity, focusing on acquisitions and growth capital investments, particularly in renewable power, transition, and infrastructure sectors [3]