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RBC Capital Remains a Buy on Brookfield Infrastructure (BIP)

Tipranks - Tipranks - Fri Apr 3, 8:50PM CDT

In a report released on April 1, Maurice Choy from RBC Capital maintained a Buy rating on Brookfield Infrastructure, with a price target of $41.00. The company’s shares closed yesterday at $36.35.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Choy is a 5-star analyst with an average return of 17.5% and an 80.95% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Infrastructure, and Fortis.

Brookfield Infrastructure has an analyst consensus of Strong Buy, with a price target consensus of $45.00, implying a 23.80% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $45.00 price target.

See today’s best-performing stocks on TipRanks >>

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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