Brookfield Business (NYSE:BBUC) Stock Rating Lowered by Wall Street Zen

Brookfield Business (NYSE:BBUC) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Monday.

Brookfield Business Stock Up 2.3%

Shares of NYSE BBUC opened at $32.31 on Monday. Brookfield Business has a twelve month low of $21.52 and a twelve month high of $37.88.

Institutional Investors Weigh In On Brookfield Business

An institutional investor recently raised its position in Brookfield Business stock. Bank of America Corp DE grew its stake in shares of Brookfield Business Corp (NYSE:BBUC) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,377 shares of the company’s stock after purchasing an additional 3,348 shares during the period. Bank of America Corp DE’s holdings in Brookfield Business were worth $1,756,000 as of its most recent SEC filing.

About Brookfield Business

Brookfield Business Corporation focuses on healthcare, construction, and wastewater services in the United States, Europe, Australia, the United Kingdom, Canada, and Brazil. It operates through three segments: Business Services, Infrastructure Services, and Industrials. The company operates 42 hospitals; offers construction services for office, residential, hospitality and leisure, social infrastructure, retail, and mixed-use properties; and provides nuclear technology services, such as fuel, maintenance services, engineering solutions, instrumentation and control systems, and manufactured components for nuclear power plants.