BMO Capital Markets increased the price target for Brookfield Asset Management (NYSE:BAM) shares to $53.00, up from the previous target of $50.00. Despite the adjustment in price target, the firm maintained a Market Perform rating on the stock.

In a report released today, Sohrab Movahedi from BMO Capital maintained a Hold rating on Brookfield Asset Management Ltd. Class A (BAM –

Shares of Brookfield Asset Management Ltd. Cl A BAM advanced 3.83% to C$84.78 Friday, in what proved to be an otherwise all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.