Brookfield Infrastructure price target raised to $57 from $53 at Morgan Stanley

Morgan Stanley analyst Robert Kad raised the firm’s price target on Brookfield Infrastructure (BIPC) to $57 from $53 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. Morgan Stanley notes the earnings season started with strong results and the energy sector had led performance in the S&P given strength across commodity prices.