Brookfield Infrastructure Partners L.P. (BIP) was Downgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Sep 26, 2016.
Many Wall Street Analysts have commented on Brookfield Infrastructure Partners L.P.. Brookfield Infrastructure Partners L.P. was Resumed by Credit Suisse to “Outperform” on Aug 23, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $49 .
Brookfield Infrastructure Partners L.P. opened for trading at $33.91 and hit $34.58 on the upside on Thursday, eventually ending the session at $34.07, with a gain of 1.55% or 0.52 points. The heightened volatility saw the trading volume jump to 2,66,613 shares. Company has a market cap of $8,294 M.
Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure) owns and operates utilities transport and energy businesses in North and South America Australasia and Europe. Brookfield Infrastructure has appointed Brookfield as its Service Provider to provide certain management administrative and advisory services for a fee under the Master Services Agreement. Brookfield owns an approximate 28.5% interest in Brookfield Infrastructure. The Company operates in three segments: Utilities which include Regulated or contractual businesses that earn a return on their rate base; Transport which provides transportation for freight bulk commodities and passengers for which it is paid an access fee and Energy which includes systems that provide transmission distribution and storage services.