Brookfield Infrastructure Partners LP BIP

BMO

[retiredcf]

BMO’s Devin Dodge trimmed his Brookfield Infrastructure Partners LP  target to US$42 from US$43 with an “outperform” rating.

“BIP’s investments are performing well, and the outlook for capital deployment is positive,” he said. “Though the recent upward shift in longer-term interest rates has weighed on valuation and resulted in a modest decline in our target price, we believe the risk/reward is favourable and expect patience to be rewarded. In the interim, the yield is attractive, and there is room for distribution growth to edge higher.”