Wells Fargo Maintains Overweight on Brookfield Infrastructure, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jonathan Reeder has maintained an Overweight rating on Brookfield Infrastructure (NYSE:BIPC) but lowered the price target from $48 to $46.
August 04, 2023 | 3:42 pm
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NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Brookfield Infrastructure but lowered the price target from $48 to $46.
The news is directly about BIPC and is likely to influence investor sentiment. The maintained Overweight rating indicates a positive outlook, but the lowered price target may cause some uncertainty. The impact on the stock price is neutral in the short term as the positive and negative signals balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100