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Morgan Stanley Remains a Buy on Brookfield Infrastructure (BIP)

Tipranks - Tipranks - Fri Apr 3, 7:46AM CDT

Morgan Stanley analyst Robert Kad maintained a Buy rating on Brookfield Infrastructure today and set a price target of $45.00.

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According to TipRanks, Kad is a 5-star analyst with an average return of 9.6% and a 63.85% success rate. Kad covers the Energy sector, focusing on stocks such as Energy Transfer, Plains All American, and Targa Resources.

Currently, the analyst consensus on Brookfield Infrastructure is a Strong Buy with an average price target of $45.00.

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Based on Brookfield Infrastructure’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.3 billion and a net profit of $219 million. In comparison, last year the company earned a revenue of $5.44 billion and had a net profit of $186 million

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