Wells Fargo Maintains Overweight Rating for Brookfield Infrastructure: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Brookfield Infrastructure BIPC and lower its price target from $46.00 to $42.00.

Shares of Brookfield Infrastructure are trading up 1.0% over the last 24 hours, at $37.50 per share.

A move to $42.00 would account for a 12.0% increase from the current share price.

About Brookfield Infrastructure

Brookfield Infrastructure Corp is an indirect subsidiary of the partnership of the diversified infrastructure owner and operators. Its business is comprised of a U.K. regulated distribution operation, a Brazilian regulated natural gas transmission operation and an Australian regulated utility.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.