January 5, 2018 / 1:48 PM / a year ago

BUZZ-Brookfield Business Partners: CS raises PT on Westinghouse deal

** Credit Suisse raises Brookfield Business Partners’ PT to $42 from $34

** Says $4.6 bln deal to buy U.S. nuclear plant maker Westinghouse Electrical Corp from Toshiba is positive from strategic and financial perspective

** CS raises its 2018 EPS estimate by 11 pct to $3.15, to reflect gains from the deal

** Shares rose 4.4 pct on Thursday after Brookfield said it and institutional partners would buy the bankrupt nuclear plant maker

** All 3 brokerages on stock rate “buy” or higher; median PT $37

** Stock had risen 43 pct in 2017 (Reporting by Karan Nagarkatti)

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