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

Wells Fargo has decided to maintain its Overweight rating of Brookfield Infr Partners BIP and raise its price target from $40.00 to $41.00.

Shares of Brookfield Infr Partners are trading up 2.91% over the last 24 hours, at $35.66 per share.

A move to $41.00 would account for a 14.97% increase from the current share price.

About Brookfield Infr Partners

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Canada and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru and other countries.

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