Credit Suisse Reinstates Brookfield Infrastructure Partners (BIP) at Outperform

August 23, 2016 6:49 AM EDT
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Price: $35.42 -1.09%

Rating Summary:
    5 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Credit Suisse reinstates coverage on Brookfield Infrastructure Partners (NYSE: BIP) with a Outperform rating and a price target of $59.00.

Analyst A. M. Kuske commented, "We reinstate Brookfield Infrastructure Partners LP coverage with an Outperform rating and a US$59.00 target price. In our view, the Street underestimates the underlying organic growth from BIP's existing asset base along with increasing network benefits. This baseline growth is often overlooked given BIP's abundant M&A opportunities. Importantly, BIP's unique funding model allows for ample opportunity to deliver outsized M&A. Most notably, we regard the current M&A environment as being extremely favourable and one that may create significant incremental value as some of Brookfield's past transactions."

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 $48.87 yesterday.

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