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Fly News Breaks for February 11, 2020
BIP
Feb 11, 2020 | 09:37 EDT
TD Securities analyst Cherilyn Radbourne downgraded Brookfield Infrastructure to Hold from Buy with a price target of $57, down from $58. The analyst cites valuation for the downgrade with the unit price up 45% in 2019, and a further 10% year-to-date. Radbourne attributes the rally to the lower interest rate environment and the prospect of incremental demand for the units after the launch of Brookfield Infrastructure Corporation in late Q1.
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