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Fly News Breaks for July 18, 2019
GWR, BIP
Jul 18, 2019 | 07:48 EDT
Credit Suisse analyst Andrew Kuske reinstated coverage of Brookfield Infrastructure (BIP) with a Neutral rating and $47.50 price target. The analyst believes Brookfield Infrastructure was moderately suffering from an M&A overhang that was partly addressed by the announced acquisition of Genesee & Wyoming (GWR). Moreover, an associated equity overhang was just removed with the $750M deal, he adds.
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