Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) was downgraded by BMO Capital Markets from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They presently have a C$55.00 target price on the stock.
Several other brokerages have also recently weighed in on BIP.UN. Scotiabank boosted their price objective on Brookfield Infrastructure Partners L.P. to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Royal Bank Of Canada boosted their target price on Brookfield Infrastructure Partners L.P. to C$56.50 and gave the company an “outperform” rating in a research report on Friday, August 4th. CSFB upgraded Brookfield Infrastructure Partners L.P. from a “neutral” rating to an “outperform” rating and set a C$58.00 target price for the company in a research report on Friday, June 16th. Finally, Barclays PLC restated an “equal weight” rating and set a C$57.00 target price on shares of Brookfield Infrastructure Partners L.P. in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$51.93.
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Brookfield Infrastructure Partners L.P. Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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