Bullboard - Stock Discussion Forum Brookfield Infrastructure Partners LP T.BIP.UN

Primary Symbol: BIP Alternate Symbol(s): T.BIP.PR.A | T.BIP.PR.B | 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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NYSE:BIP - Post Discussion

Brookfield Infrastructure Partners LP > BMO Raise Target

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Post by retiredcf on Jan 10, 2024 10:07am

BMO Raise Target

Seeing an “attractive setup for 2024,” BMO’s Devin Dodge increased his target for Brookfield Infrastructure Partners LP to US$40 from US$38 with an “outperform” rating. The average is US$37.59.

“In our view, BIP offers a compelling risk/reward underpinned by double-digit FFO/unit growth, attractive yield, and a robust acquisition pipeline, as well as a potential rerating opportunity,” said Mr. Dodge. “Capital recycling is needed to fund new investment activity, but we believe BIP has several processes underway that could bring back substantial proceeds. BIP is one of our top 3 ideas for 2024.”

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