Chart of the Day - Brookfield Infrastructure Partners (BIP)

The "Chart of the Day" is Brookfield Infrastructure Partners (BIP), which showed up on Thursday's Barchart "All-Time High" list. Brookfield Infrastructure on Thursday posted a new all-time high of $32.52 and closed up +1.21%. TrendSpotter has been long since April 27 at $31.92. Brookfield Infrastructure was last featured on "Chart of the Day" as of the close on January 4 of $28.58. In recent news on the stock, Brookfield Infrastructure on May 8 reported funds from operation of 58 cents, far above the consensus of 30 cents. BMO Capital on May 9 downgraded BIP to Market Perform from Outperform with a target of $33 due to valuation. Brookfield Infrastructure Partners, with a market cap of $4.2 billion, in an infrastructure REIT that owns and operates electricity transmission systems and timberlands in North and South America.