Barlow’s Research Roundup: Scotiabank analyst sees Brookfield Infrastructure Partners as undervalued
Scotiabank analyst Robert Hope maintains a bullish outlook on Brookfield Infrastructure Partners, citing undervaluation despite a recent dip linked to structural review concerns. Alphabet is highlighted as a top performer among hyperscalers, with strong growth in Google Cloud and a significant backlog increase driven by AI demand. RBC Capital Markets notes near-term volatility in physical crude markets but expects renewed price support due to summer demand and ongoing supply constraints.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott BarlowUnfairly soldScotiabank analyst Robert Hope is bullish on Brookfield Infrastructure Partners (BIP.UN-T),“BIP’s units were down 2 per cent following an in-line quarter and initiation of a formal review regarding a simplification of the BIP/BIPC structure. The review is not a surprise to us given prior commentary regarding the structure and the recent BBU/BBUC simplification. That said, we believe the BIP units are being unfairly dragged down by weakness in the BIPC shares (down 11 per cent).
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
