Brookfield Business Partners LP (BBU) saw its stock price soar 5.03% during intraday trading on Monday, marking a significant upward movement.
The surge appears to be driven by positive analyst action, specifically from RBC Capital Markets. RBC lifted its price target on Brookfield Business Partners to $44 from $43 while maintaining its Outperform rating on the stock. According to analysts polled by FactSet, the company holds an average rating of overweight with a mean price target of $40, indicating generally favorable analyst sentiment.
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