Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Brookfield Asset Management (BAM) (BAM:CA) announced on Thursday the renewal of a normal course issuer bid to purchase up to 37.12M class A limited voting shares.

Shares of Brookfield Asset Management Ltd. Cl A BAM dropped 5.61% to C$75.15 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.22% to 24,767.73.

Brookfield Asset Management (BAM) announced it has received the requisite approval for the renewal of its normal course issuer bid providing the option to purchase up to 37,123,295 Class A Limited Voting Shares,