Brookfield Infrastructure price target raised to $53 from $50 at TD Securities

TD Securities raised the firm’s price target on Brookfield Infrastructure Partners (BIP) to $53 from $50 and keeps a Buy rating on the shares post the Q4 report. The firm says long the company has a track record of compounding earning, and it sees the business as “stronger, more diversified, and better positioned than ever.” The market is underappreciating Brookfield Infrastructure’s high level of inflation indexation, which provides a natural interest rate hedge, and its leverage to digitalization, the analyst tells investors in a research note.