Brookfield's Shift to U.S. GAAP Set to Improve Comparability With U.S. Peers -- Market Talk
Dow Jones05-15
0758 ET - Brookfield's planned switch to U.S. GAAP accounting from 1Q of next year promises to be a major positive catalyst for the stock, RBC Capital Markets' Bart Dziarski reckons. The analyst says he gets push-back from some U.S. investors when discussing Brookfield relative to its U.S. peers given accounting differences between principles-based IFRS and rules-based U.S. GAAP. A conversion in the accounting standard will drive greater comparability and enhanced transparency, Dziarski says. RBC has an outperform call on the shares but trims its target to $61 from $63. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
May 15, 2026 07:58 ET (11:58 GMT)
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