Brookfield Infrastructure price target raised to $53 from $50 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Brookfield Infrastructure (BIPC) to $53 from $50 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. While the framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been finally reached, there are several unknowns that remain, the firm adds.