CIBC Capital Markets lowered its price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to US$65 from US$71.

Analyst Dean Wilkinson maintained an Outperformer rating on shares of the Toronto-based asset management company.

"Brookfield reported a solid Q4, with both earnings and fundraising better than expected," Wilkinson said in a note to clients.

"The 2026 outlook on transaction activity was decidedly positive," the analyst said.

"While private credit and software-disruption concerns seem exaggerated, we are decreasing our price target modestly to $65 (from $71) to more closely reflect peer multiples against a backdrop of heightened investor sensitivity," Wilkinson said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)