BMO Capital Reiterates Outperform Rating on Brookfield Infrastructure Partners (BIP)

BMO Capital analyst Devin Dodge reiterated an Outperform rating and $38.00 price target on Brookfield Infrastructure Partners (NYSE: BIP).

The analyst commented, "In our view, BIP offers a compelling risk/reward and the units should be an attractive option for investors looking to benefit from the moderating interest rate environment. We believe BIP's FFO and distribution growth outlook stacks up well vs. peers. Moreover, asset sales are expected to ramp-up in the near term and have the potential to be catalysts for the units. We rate BIP Outperform."

For an analyst ratings summary and ratings history on Brookfield Infrastructure Partners click here. For more ratings news on Brookfield Infrastructure Partners click here.

Shares of Brookfield Infrastructure Partners closed at $33.10 yesterday.

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