RBC Capital Maintains Outperform on Brookfield Infr Partners, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Robert Kwan has maintained an 'Outperform' rating on Brookfield Infrastructure Partners (NYSE:BIP) but lowered the price target from $45 to $40.
November 02, 2023 | 4:54 pm
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Brookfield Infrastructure Partners' price target has been lowered from $45 to $40 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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