07:35 AM EDT, 05/11/2026 (MT Newswires) -- RBC Capital Markets lowered its price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to US$65 from US$74 on Monday.

Analyst Bart Dziarski maintained an Outperform rating on shares of the Toronto-based global alternative asset management.

"We believe BAM is well positioned heading into its fundraising cycle with private equity, infrastructure flagships and 60 strategies in total fundraising driving our estimated $150 Billion of fundraising ($110 Billion excluding Just Group mandate) in 2026,"Dziarski said in a note to clients.

"We have reduced our target... as we lowered our target multiple from 28.5x to 24x given calibration to BAM's closest peer Blackstone Inc. (BX),"the analyst said.

"On capital allocation, BAM remains under-levered vs. US Alts peers, has been actively repurchasing stock ($575M YTD) and yields ~4%."