Jefferies analyst Sam Burwell downgraded Brookfield Infrastructure Partners (BIP) to Hold from Buy with a price target of $37, up from $35. The company’s data segment growth is better captured in the shares at current levels, the analyst tells investors in a research note. Jefferies cites the stock’s recent rally for the downgrade.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIP:
- Positive Outlook for Brookfield Infrastructure: Strong Growth Potential and Strategic Positioning Justify Buy Rating
- Brookfield Infrastructure Partners upgraded to Outperform at National Bank
- Brookfield Infrastructure Issues New Medium Term Notes to Bolster Financial Flexibility
- Brookfield Infrastructure to Issue $700 Million in Medium-Term Notes