Market Overview

UPDATE: Citigroup Initiates Brookfield Infrastructure Partners with Neutral, $34 PT; Valuation Full

Related BIP
Credit Suisse Upgrades 4 Infrastructure Stocks
UPDATE: Credit Suisse Upgrades Brookfield Infrastructure Partners L.P. On Mispriced Distribution Growth

Citigroup initiates its coverage on Brookfield Infrastructure Partners (NYSE: BIP) with a Neutral rating and a price target of $34.

Citigroup says, "Shares appear fully valued at current levels (based on our implied target yield estimate) despite a generally risk-averse (80% of cash flow from regulated businesses or long-term contracts) and diversified business model (across industries & geographic locations)."

BIP closed at $33.52 on Wednesday.

Latest Ratings for BIP

Jan 2015BarclaysInitiates Coverage onEqual-weight
Nov 2014Credit SuisseUpgradesNeutralOutperform
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for BIP
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings


Related Articles (BIP)

Around the Web, We're Loving...

Get Benzinga's Newsletters