Morgan Stanley cuts target for Brookfield Corp stock from USD 59 to USD 54

Published on 10/20/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Brookfield agreed to issue C$150 million of preferred shares on October 15, 2026. Brookfield Corp stock costs EUR 32.54 on October 20, 2026, with a 5.65 percent preferred dividend.

Capital raising and operating scale

Brookfield agreed to issue C$150 million of preferred shares on October 15, 2026.
Brookfield reported USD 19.4 billion in second-quarter 2026 revenue.
Brookfield Corp stock traded at EUR 32.54 at 10:38 a.m. CEST on October 20, 2026.

BIP, CA11271J1075, Illustration mit AI erstellt.

Brookfield Corp (ISIN CA11271J1075) was trading at EUR 32.54 at Lang & Schwarz on October 20, 2026, at 10:38 a.m. CEST, while Morgan Stanley had cut its price target to USD 54 from USD 59 on October 16, 2026, according to Markets Insider. The bank kept an Overweight rating.

Preferred issue sets the latest headline

On October 15, 2026, Brookfield agreed to issue 6,000,000 Class A Preference Shares, Series 56, at C$25.00 per share for gross proceeds of C$150 million. The preferred shares carry a fixed annual dividend yield of 5.65 percent through December 31, 2031. Brookfield said the net proceeds are intended for general corporate purposes, and the offering is expected to close on October 22, 2026, according to Brookfield.

What do the recent figures show?

Brookfield reported USD 19.406 billion in revenue for the second quarter of 2026, up from USD 18.083 billion in the second quarter of 2025. Consolidated net income was USD 703 million for the second quarter, while operating cash flow reached USD 1.928 billion, based on the reported period data.

The latest operating picture combines revenue growth with a large alternative-asset platform. Brookfield's second-quarter 2026 distributable earnings before realizations were USD 1.427 billion, or USD 0.61 per share, up 15 percent year over year, according to TickerScout.

Three dates frame the current setup

On August 13, 2026, Brookfield published second-quarter figures including USD 19.406 billion of revenue. On September 21, 2026, the company priced USD 600 million of senior notes due 2031, according to MarketScreener. On October 15, 2026, it announced the C$150 million Series 56 preferred share offering.

Which dates matter next?

The preferred share offering is expected to close on October 22, 2026. Brookfield has scheduled the release of its third-quarter 2026 results for November 12, 2026, at approximately 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET, according to Brookfield.

Capital structure remains the key counterweight

S&P Global Ratings assigned the proposed Series 56 preferred shares a BBB/P-2 issue rating on October 15, 2026. The agency said the potential C$200 million issue, including the underwriters option, would receive 50 percent equity credit and leave Brookfield's weighted net debt to earnings before interest, taxes, depreciation and amortization at approximately 2.1 times, according to S&P Global Ratings. Brookfield Corp stock was trading at EUR 32.54 at Lang & Schwarz on October 20, 2026, at 10:38 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Brookfield Corp stock.