Should Investors Turn Their Attention to Brookfield Infrastructure Partners (NYSE:BIP)? Credit Suisse Group Upgrades Shares

June 19, 2017 - By Migdalia James

  Should Investors Turn Their Attention to Brookfield Infrastructure Partners (NYSE:BIP)? Credit Suisse Group Upgrades Shares

Brookfield Infrastructure Partners (NYSE:BIP) Stock Upgrade

In analysts note issued to clients on Friday, 16 June, Credit Suisse Group boosted their rating for shares of Brookfield Infrastructure Partners (NYSE:BIP) to a “Outperform”.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) Ratings Coverage

Among 8 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Brookfield Infrastructure Partners has $65 highest and $35 lowest target. $49’s average target is 20.87% above currents $40.54 stock price. Brookfield Infrastructure Partners had 20 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, January 13, the company rating was upgraded by Raymond James. The stock has “Neutral” rating by Credit Suisse on Friday, February 10. TD Securities maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) rating on Monday, September 26. TD Securities has “Buy” rating and $38 target. The firm has “Neutral” rating by Citigroup given on Monday, September 19. The company was downgraded on Monday, September 26 by Raymond James. The firm has “Sector Perform” rating given on Thursday, August 6 by Scotia Capital. The rating was initiated by National Bank Canada on Tuesday, December 1 with “Outperform”. TD Securities maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) rating on Wednesday, March 16. TD Securities has “Buy” rating and $48 target. The rating was upgraded by Credit Suisse to “Outperform” on Friday, June 16. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned “Sector Perform” rating by Scotia Capital on Tuesday, August 18.

About 64,899 shares traded. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since June 19, 2016 and is uptrending. It has outperformed by 22.25% the S&P500.

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The company has market cap of $15.10 billion. The Company’s divisions include utilities, transport, energy, communications infrastructure and other. It has a 43.78 P/E ratio. The utilities segment consists of regulated businesses, including regulated distribution , electricity transmission and a regulated terminal (coal export terminal).

More notable recent Brookfield Infrastructure Partners L.P. (NYSE:BIP) news were published by: Seekingalpha.com which released: “Brookfield Infrastructure Partners’ (BIP) CEO Sam Pollock on Q4 2016 Results …” on February 01, 2017, also Fool.com with their article: “Here’s Why the Best Is Yet to Come for Brookfield Infrastructure Partners LP” published on June 16, 2017, Fool.com published: “How Sustainable Is Brookfield Infrastructure Partners LP’s Dividend?” on April 25, 2017. More interesting news about Brookfield Infrastructure Partners L.P. (NYSE:BIP) were released by: Seekingalpha.com and their article: “Can Brookfield Infrastructure Partners Sustain Its Distribution And 4% Plus Yield” published on April 28, 2017 as well as Seekingalpha.com‘s news article titled: “Brookfield Infrastructure Partners – The Philip Morris Of Infrastructure” with publication date: February 14, 2017.

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