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Scotiabank Sticks to Its Buy Rating for Brookfield Infrastructure (BIP)

Tipranks - Tipranks - Sat Jan 31, 6:56AM CST

Scotiabank analyst Robert Hope maintained a Buy rating on Brookfield Infrastructure today and set a price target of $44.00.

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According to TipRanks, Hope is a 5-star analyst with an average return of 11.3% and a 67.76% success rate. Hope covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Brookfield Renewable Partners, and ATCO Ltd Cl I NV.

In addition to Scotiabank, Brookfield Infrastructure also received a Buy from RBC Capital’s Maurice Choy in a report issued yesterday. However, on January 28, Morgan Stanley maintained a Hold rating on Brookfield Infrastructure (NYSE: BIP).

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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

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