Wells Fargo Maintains Overweight on Brookfield Infrastructure, Lowers Price Target to $42
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 $46 to $42.
September 22, 2023 | 1:09 pm
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Wells Fargo has maintained an Overweight rating on Brookfield Infrastructure but lowered the price target from $46 to $42.
The news is directly related to Brookfield Infrastructure. While the Overweight rating suggests that Wells Fargo expects the stock to outperform, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock's short-term performance.
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