** Shares of asset manager Brookfield Asset Management BAM.N rose 0.62% to $53.36
** At least four brokerages updated their PTs on Monday
** Median PT of 18 brokerages is $64 - data compiled by LSEG
HIGHER COSTS, FEE EARNINGS DIVIDE OPINION
** KBW ("underperform;" PT: $59) says while company is performing well in short-term, it sees some cost pressures and is cautious about future growth
** TD Cowen ("buy," PT: $76) says despite showing great momentum, it is hesitant to upgrade stock; however, brokerage is confident in long-term growth
** Veritas Research ("sell;" PT:$44) says stock is overvalued and has lower quality earnings; maintains recommendation towards investors to potentially consider selling stock
(Reporting by Anuj T in Bengaluru)
((anuj.t@thomsonreuters.com))