UPDATE: Raymond James Initiates Brookfield Infrastructure Partners at Outperform on Growth Outlook
Raymond James initiated Brookfield Infrastructure Partners (NYSE: BIP) with an Outperform rating and a $44.00 price target.
Raymond James stated, "We see BIP as an attractive vehicle to gain exposure to the global infrastructure markets, without assuming the risks inherent in investing in the more cyclical sectors that make up our Infrastructure & Construction coverage universe. From where we sit, BIP is ideally positioned in an industry poised for long-term growth and blessed with strong cash flow attributes. Just as importantly, it is backed by a management team that has skin in the game and a track record of value creation. Accordingly, we recommend the purchase of BIP's units."
Brookfield Infrastructure Partners closed at $39.50 on Monday.
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