What exactly did Scotiabank change in its BAM analyst rating on Feb 5, 2026?

Scotiabank on Feb 5, 2026 maintained an **Outperform** for Brookfield Asset Management Ltd. (BAM) and lowered its **price target to $64 from $65.75**. The rating stayed positive while the trimmed target reflected weaker near-term assumptions.

How should investors interpret the lowered BAM price target alongside the maintained rating?

A maintained Outperform with a lower price target means the analyst still favors BAM versus peers but expects less near-term upside. Investors should balance the view with company fundamentals and upcoming catalysts when adjusting positions.

Does the BAM analyst rating change affect dividend or income expectations?

The Scotiabank call focused on price target and rating, not distributions. Income investors should monitor fee-related earnings and coverage metrics before changing income allocations to BAM.

Where can I find the original analyst note and related earnings context?

The price target change was reported by The Fly. Q4 2025 earnings commentary that adds context is on Seeking Alpha. See both sources for original reporting and transcript insights. [source](https://thefly.com/permalinks/entry.php/id4286305/8208286394/BAM-Brookfield-Asset-price-target-lowered-to--จาก

Analyst Ratings

Scotiabank Maintains Outperform on Brookfield Asset Management Ltd. (BAM) Feb 2026

ByHuzaifa Zahoor February 6, 2026February 6, 2026

BAM analyst rating: Scotiabank on February 5, 2026 maintained an Outperform on Brookfield Asset Management Ltd. (BAM) while lowering its price target to $64 from $65.75. This single action kept Scotiabank’s positive stance but signaled modest valuation pressure. The news coincided with a near-term stock move of -2.07% (-$1.00) and highlights mixed near-term risk and long-term confidence.