Wells Fargo Maintains Overweight Rating for Brookfield Infrastructure: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Brookfield Infrastructure (NYSE:BIPC) but lowered its price target from $46.00 to $42.00. Brookfield Infrastructure's shares are currently trading up 1.0% at $37.50 per share. A move to $42.00 would represent a 12.0% increase from the current share price.
September 22, 2023 | 5:00 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Overweight rating for Brookfield Infrastructure but lowered its price target. This could potentially lead to a positive sentiment among investors.
The maintenance of the Overweight rating by Wells Fargo indicates a positive outlook for Brookfield Infrastructure. However, the lowering of the price target might indicate a slower growth rate than previously expected. This could lead to a mixed reaction among investors, but overall, the sentiment is expected to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100