BMO Raises Price Target to $44 After Brookfield Infrastructure’s Net Income Surges
BMO Capital raised Brookfield Infrastructure’s price target to $44 from $43 and maintained an Outperform rating after Q4 net income soared to $1.1 billion from $391 million and FFO rose 6% to $2.6 billion. The partnership’s data segment delivered over 50% FFO growth and it declared its 17th consecutive distribution increase.
1. BMO Lifts Price Target
BMO Capital raised Brookfield Infrastructure’s price target to $44 from $43 and kept an Outperform rating, citing expected organic growth acceleration, increased commissioned projects and favorable foreign exchange trends in 2026.
2. Q4 Results Show Strong Growth
Brookfield Infrastructure reported net income attributable to partners of $1.1 billion versus $391 million a year earlier, and funds from operations climbed 6% to $2.6 billion, driven by high-end organic growth, inflation-linked escalators and over $1.5 billion in project commissioning.
3. Data Segment Fuels FFO and Distributions
The partnership’s data infrastructure segment delivered more than 50% FFO growth supported by its 3.6 GW data center pipeline, and Brookfield Infrastructure declared its 17th consecutive distribution increase, underlining confidence in its self-funding model.