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Brookfield Infrastructure (BIP) Gets a Hold from Citi

Tipranks - Tipranks - Tue Aug 4, 5:58AM CDT

Citi analyst Ryan Levine maintained a Hold rating on Brookfield Infrastructure today and set a price target of $41.00.

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Levine covers the Utilities sector, focusing on stocks such as American Electric Power, Atmos Energy, and Brookfield Infrastructure. According to TipRanks, Levine has an average return of 5.4% and a 60.68% success rate on recommended stocks.

Brookfield Infrastructure has an analyst consensus of Strong Buy, with a price target consensus of $46.80.

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Based on Brookfield Infrastructure’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.48 billion and a net profit of $62 million. In comparison, last year the company earned a revenue of $5.43 billion and had a net profit of $74 million

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