UPDATE: Scotia Capital Raises PT on Brookfield Infrastructure Partners to $25.75

Scotia Capital is out with its report today on Brookfield Infrastructure Partners BIP, raising its PT to $25.75. In its report, Scotia Capital writes, "We reiterate our 2-Sector Perform rating. We see the distribution as highly sustainable - and would expect an increase in 2012 - and have raised our 1-yr target to $25.75, using an unchanged 1.0x NAV." At the time of posting, shares of BIP were trading at $25.23, down 0.83% from Thursday's close.