Brookfield's (BN) Q4 results and commentary reinforce the view that the platform is expanding its earnings power and gaining momentum, Morgan Stanley said in a Monday note.
The report pointed to its Wealth Solutions business scaling, improving monetization backdrop and real estate fundamentals.
It also said hyperscalers and sovereigns are turning to the firm to deliver integrated AI and AI-related infrastructure solutions.
The scaling with a diversified global funding funnel supports 15% return on equity, while real estate fundamentals inflecting and AI infrastructure platform gaining momentum support 23% EPS growth outlook, the note said.
"BN is positioning itself as a one-stop AI infrastructure partner -able to deliver site control/power, grid solutions and development/operations," the report said.
Morgan Stanley increased its price target to $60 from $58 while reiterating its overweight rating.
Price: 47.45, Change: -0.34, Percent Change: -0.71