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Brookfield Infrastructure Partners L.P. Message Board

  • rlp2451 rlp2451 Nov 8, 2012 9:25 AM Flag

    BMO Capital Raises BIP Target to $39

    BMO Capital upgraded Brookfield Infrastructure to Outperform from Market Perform citing better than expected Q3 results. Price target raised to $39 from $37.

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    • But so far it is going in the wrong direction. The stock is now at the same price level it was in early June. Each of the last two (three?) quarters has seen a decrease in FFO per share. New issuance continues and the big gains from acquisitions doesn't seem to be imminent.

      4.4% is nice but I don't see a lot of upside here, yet.

      • 1 Reply to cynicalanddisgusted
      • for 9 months ended sep 30 2012, FFO/unit down 7% YOY as money raised from secondaries not accretive so far. monetization of timber (by sale to CIC) will hopefully be reinvested accretively to reverse trend of decreasing FFO/unit. I also not that, technically, BIP remains in a downtrend marked by lower highs on the weekly chart since it peaked at 37

        But BIP has beaten estimates 7 straight quarters so their stable assets are handling a weak global economy fairly well. but BIP's 4.4% yield not that enticing for my new money, but my yield per cost basis is hi enuf to hold here, and I'll sell calls if BIP does break its downtrend and push up to 36-ish

34.11-0.05(-0.15%)Oct 25 4:02 PMEDT