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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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