Macquarie Infrastructure Corporation Third Quarter 2016 Earnings Press Release Available on Investor Relations Website

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Go back to Macquarie Infrastructure Corporation Third Quarter 2016 Earnings Press Release Available on Investor Relations Website

Oppenheimer Reiterates Outperform on Macquarie Infrastructure (MIC) Following 3Q

November 1, 2016 10:20 AM EDT

Oppenheimer reiterated an Outperform rating and $100.00 price target on Macquarie Infrastructure (NYSE: MIC) following the company's 3Q earnings report. IMTT reported $87.0M of Adj. EBITDA, vs. $72.9M in 3Q15. FCF/share of $1.62 surpassed $1.48 estimates.

Analyst Ian Zaffino commented, "Helped by strength in Aviation,... More