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Fly News Breaks for September 11, 2017
BIP
Sep 11, 2017 | 07:37 EDT
BMO Capital analyst Devin Dodge started coverage of Brookfield Infrastructure with a $48 price target and an Outperform rating. The analyst expects the REIT's FFO and unit growth to increase at a compound annual growth rate of 15% through 2019, driven by what he sees as its "strong backlog of organic growth opportunities.". The analyst thinks that Brookfield could beat his estimates driven by favorable M&A and additional projects. He estimates that its distribution will grow at a CAGR of 11% through 2019, surpassing its targeted range.
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