Morgan Stanley Sticks to Its Hold Rating for Brookfield Infrastructure (BIP)
Morgan Stanley analyst Robert Kad maintained a Hold rating on Brookfield Infrastructure today and set a price target of $44.00.
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Kad covers the Energy sector, focusing on stocks such as DT Midstream, Enterprise Products Partners, and Kinder Morgan. According to TipRanks, Kad has an average return of 8.5% and a 62.24% success rate on recommended stocks.
Currently, the analyst consensus on Brookfield Infrastructure is a Strong Buy with an average price target of $42.22.
Based on Brookfield Infrastructure’s latest earnings release for the quarter ending November 7, the company reported a quarterly revenue of $5.98 billion and a net profit of $440 million. In comparison, last year the company earned a revenue of $5.27 billion and had a net profit of $0
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BIP in relation to earlier this year.
Read More on BIP:
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- Brookfield Infrastructure price target raised to $44 from $41 at Morgan Stanley
- Brookfield Infrastructure Renews Issuer Bids to Enhance Market Position
- Brookfield Infrastructure Partners renews normal course issuer bids
- Brookfield Infrastructure to Redeem Series 3 Preferred Units by Year-End
- Brookfield Infrastructure Launches $400 Million Equity Issuance Program
