-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We maintain our target price of CAD60, implying an 11x FFO multiple applied to our 2027 estimate. BIP's Q1 2026 showed strong FFO growth of 10% supported by the data segment (46% growth). Midstream also contributed 12% FFO growth Y/Y although mark-to-market hedges saw losses due to elevated commodity pricing. As hedges settle, the higher pricing benefits are expected to be seen in earnings. Through the market volatility, the partnership secured approximately USD400M of new investment opportunities during the quarter, including the launch of an equipment leasing platform with an OEM and an additional project under the Bloom Energy partnership. Capital recycling activity resulted in USD1B of proceeds year-to-date through transactions including data center partnerships, the sale of Brazilian transmission assets, and a secondary offering in gas storage operations. We raise our FFO per share estimates by USD0.07 to USD3.67 for 2026 and by USD0.10 to USD4.03 for 2027.