Market Overview

UPDATE: BMO Capital Markets Upgrades Brookfield Infrastructure to Outperform on Strong Q3 Results

Share:
Related BIP
Credit Suisse Bullish On Brookfield Infrastructure
Mid-Day Market Update: Dow Surges Over 100 Points; Sagent Pharmaceuticals Shares Spike Higher

BMO Capital Markets raised its rating on Brookfield Infrastructure (NYSE: BIP) and increased its price target from $37 to $39.

BMO Capital Markets noted, "Q3/12 results were stronger than expected driven by better-than-expected performance in the Utilities segment as a result of higher connections revenue and a higher return on rate base. … The near-term outlook remains cautious on the merchant assets (15% non-contracted) given the macro-uncertainty, but 2013 should still see a significant improvement in EBITDA and FFO/unit driven by a number of recently announced strategic transactions and past investments at Brookfield rail even after funding the equity investments through the partial sale of Timber assets."

Brookfield Infrastructure closed at $33.70 on Wednesday.

Latest Ratings for BIP

DateFirmActionFromTo
Sep 2016Raymond JamesDowngradesStrong BuyOutperform
Sep 2016TD SecuritiesMaintainsBuy
Sep 2016CitigroupMaintainsNeutral

View More Analyst Ratings for BIP
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (BIP)

View Comments and Join the Discussion!