Brookfield Infrastructure Partners shares are trading lower after RBC Capital and Wells Fargo lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Shares of Brookfield Infrastructure Partners (BIP) are trading lower after RBC Capital and Wells Fargo lowered their respective price targets on the stock.
August 04, 2023 | 3:48 pm
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NEGATIVE IMPACT
Brookfield Infrastructure Partners' stock price is expected to be negatively impacted in the short term due to the lowered price targets by RBC Capital and Wells Fargo.
The lowered price targets by RBC Capital and Wells Fargo indicate a bearish outlook for BIP. This negative sentiment can lead to selling pressure, causing the stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100