The Globe and Mail reports in its Friday, Feb. 2, edition that Raymond James analyst Frederic Bastien, seeing "good stuff brewing" following Brookfield Infrastructure Partners' in-line results for its fourth quarter of fiscal 2023, raised his unit target to $44 from $40 with a "strong buy" recommendation (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $37.05. Mr. Bastien says in a note: "We reaffirm our 'strong buy' rating on Brookfield Infrastructure as we expect the easing interest rate environment to revive investor interest in yield and growth-oriented companies. Brookfield Infrastructure stands out from the pack because of its scale, global footprint, financial strength, and track record. We believe these advantages will help management arbitrage varying economic circumstances to buy and sell assets for attractive valuations, compounding shareholder return in the process." The Globe reported on Jan. 19 that Mr. Bastien had commenced coverage on Brookfield Infrastructure with an "outperform" recommendation. The units could then be had for $45.70.