NYSE:BIP - Post Discussion
Post by
retiredcf on Aug 04, 2023 8:01am
iA Capital
Brookfield Infrastructure Partners LP - iA Capital Markets’ Naji Baydoun lowered his target to US$46 from US$47 with a “strong buy” rating. The average is US$42.69.
“With the quarterly results coming in close to our forecast and consensus, we believe the market is focusing on the choppy M&A environment, which creates both opportunities (i.e., buying for value) and challenges (i.e., capital recycling/asset monetization strategy),” he said. “That said, BIP has historically been most successful in times of market volatility, so we see greater potential for upside versus downside in the units. With therefore view the unit price weakness as an attractive entry point for long-term-focused investors.”
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