National Bank Cuts Price Targets on Brookfield Business and Definity Financial
National Bank lowered its Brookfield Business Corp. target to $38 from $42 and Definity Financial to C$92 from C$96, keeping Outperform ratings.
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what happened
Analysts at National Bank reduced their price target on Brookfield Business Corp. to $38 a share from $42, while keeping an Outperform rating. Dow Jones Newswires reported the change, citing Baystreet.
National Bank also cut its price target on Definity Financial Corp. to C$92 a share from C$96 and maintained its Outperform rating. Both changes appeared in Baystreet's roundup of ratings actions.
why it matters
Adjustments like these are routine and usually have little effect on share prices. They reflect a revised analyst model rather than a new verdict on the companies' overall prospects.
tags
instruments
sources
- Brookfield Business Corp. Price Target Cut to $38.00/Share From $42.00 by National Bank — Dow Jones Newswires, 28 October 2026 at 14:52 UTC
- Definity Financial Corp. Price Target Cut to C$92.00/Share From C$96.00 by National Bank — Dow Jones Newswires, 28 October 2026 at 14:52 UTC
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