Bullboard - Stock Discussion Forum Brookfield Infrastructure Partners LP BIP

Alternate Symbol(s): T.BIP.PR.A | T.BIP.PR.B | T.BIP.UN | T.BIP.PR.E | T.BIP.PR.F | BRIPF | BIP.PR.B

Brookfield Infrastructure Partners L.P. is a global infrastructure company. The Company owns and operates in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The Company’s segments include Utilities, Transport, Midstream, Data and Corporate. The Utilities segment consists of regulated transmission (natural gas and electricity) and commercial and... see more

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Brookfield Infrastructure Partners LP > Target Raised

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Post by retiredcf on Feb 02, 2024 7:57am

Target Raised

Seeing “good stuff brewing” following Brookfield Infrastructure Partners LP’s (BIP-N, BIP.UN-T) in-line results for its fourth quarter of fiscal 2023, Raymond James’ Frederic Bastien raised his target to US$44 from US$40 with a “strong buy” rating. The average is US$37.05.

“We reaffirm our Strong Buy rating on Brookfield Infrastructure as we expect the easing interest rate environment to revive investor interest in yield and growth-oriented companies,” said Mr. Bastien. “BIP stands out from the pack because of its scale, global footprint, financial strength, and track record. We believe these advantages will help management arbitrage varying economic circumstances to buy and sell assets for attractive valuations, compounding shareholder return in the process.”

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