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Fly News Breaks for April 14, 2015
BIP
Apr 14, 2015 | 07:56 EDT
RBC Capital, noting that Brookfield had mentioned that it was looking at significant acquisition opportunities, believes that Brookfield's $890M equity offering is a tangible sign that the company is close to making significant acquisitions RBC says that the company has a track record of making accretive deals, so the firm has increased confidence in its 10% dividend growth projection and it thinks that the company's growth outlook is skewed to the upside. RBC keeps a $48 price target and Outperform rating on the shares.
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