Morgan Stanley raised the firm’s price target on Brookfield Infrastructure (BIPC) to $53 from $50 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. While the framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been finally reached, there are several unknowns that remain, the firm adds.
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