BMO Capital Maintains Outperform on Brookfield Infr Partners, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Devin Dodge maintains an 'Outperform' rating on Brookfield Infrastructure Partners (NYSE:BIP) but has lowered the price target from $42 to $38.
November 02, 2023 | 6:43 pm
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NEUTRAL IMPACT
Brookfield Infrastructure Partners' price target has been lowered from $42 to $38 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO 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 for the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100