RBC Capital Remains a Buy on Brookfield Infrastructure (BIP)
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Choy covers the Utilities sector, focusing on stocks such as Canadian Utilities A, ATCO Ltd Cl I NV, and Brookfield Infrastructure. According to TipRanks, Choy has an average return of 9.9% and a 66.67% success rate on recommended stocks.
In addition to RBC Capital, Brookfield Infrastructure also received a Buy from Scotiabank's Robert Hope in a report issued yesterday. However, on July 29, TR | OpenAI – 4o reiterated a Hold rating on Brookfield Infrastructure (NYSE: BIP).
Based on Brookfield Infrastructure's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.39 billion and a net profit of $106 million. In comparison, last year the company earned a revenue of $5.19 billion and had a net profit of $131 million
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