Brookfield Infrastructure Partners L.P.'s Bold Brazilian Bet Pays Off in the Second Quarter
Brookfield Infrastructure Partners (NYSE: BIP) closed its acquisition of a stake in Petrobras' (NYSE: PBR) natural gas transmission business in Brazil during the second quarter. That deal, when combined with strong organic growth, drove earnings higher. Meanwhile, the company continues to expand its capital project backlog, and it has several acquisitions in the pipeline that position it to continue growing at a healthy rate.
Metric
Q2 2017
Source: Fool.com
Petroleo Brasileiro ADR Stock
€16.15
1.260%
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Petroleo Brasileiro ADR.
On the other hand, the target price of 16 € is below the current price of 16.15 € for Petroleo Brasileiro ADR, so the potential is actually -0.93%.
