Wells Fargo analyst Jonathan Reeder maintained a Buy rating on Brookfield Infrastructure (BIPC – Research Report) on February 2 and set a price target of $40.00. The company’s shares closed last Friday at $36.04.
According to TipRanks, Reeder is a 3-star analyst with an average return of 3.6% and a 52.31% success rate. Reeder covers the Utilities sector, focusing on stocks such as Essential Utilities, Brookfield Infrastructure, and American States Water.
Currently, the analyst consensus on Brookfield Infrastructure is a Moderate Buy with an average price target of $40.00.
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BIPC market cap is currently $5.14B and has a P/E ratio of 4.25.
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Brookfield Infrastructure (BIPC) Company Description:
Brookfield Infrastructure Corp owns and operates globally diversified portfolio of high-quality infrastructure assets that will generate sustainable and growing distributions over the long-term for its shareholders. The company will achieve its objective by acquiring infrastructure assets and actively managing them to extract additional value following its initial investment.
