Core Viewpoint - Foundry JV Holdco LLC has successfully completed a consent solicitation for amendments to its outstanding senior secured notes, indicating a strategic move to enhance its financial structure and obligations [1][2]. Group 1: Consent Solicitation Details - The consent solicitation received approvals from holders of over 50% of the aggregate principal amount of each series of notes, allowing the company to execute supplemental indentures for the proposed amendments [2]. - The consent solicitation expired on January 17, 2025, at 5:00 p.m. New York City time, leading to the execution of the supplemental indentures [2]. - The proposed amendments will become effective upon the satisfaction or waiver of specific conditions and the payment of a consent fee of $1.00 per $1,000 in principal amount of notes [3]. Group 2: Financial and Operational Context - Foundry JV Holdco LLC is indirectly owned by Brookfield Infrastructure Partners L.P. and is involved in a partnership with Intel Corporation to invest in Intel's manufacturing expansion in Arizona [6]. - The project includes the construction of two semiconductor wafer fabrication buildings, Fab 52 and Fab 62, which are part of a broader strategy to enhance semiconductor production capabilities [6].

Core Viewpoint - Brookfield Infrastructure Partners (BIP) shows potential for significant upside, with a mean price target of $39.89 indicating a 27.9% increase from the current price of $31.20 [1] Price Target Analysis - The average price target consists of nine estimates ranging from $34 to $50, with a standard deviation of $4.78, suggesting a consensus among analysts [2] - The lowest estimate indicates a 9% increase, while the highest suggests a 60.3% upside, highlighting the variability in analyst predictions [2][7] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement direction [7] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about BIP's earnings prospects, with a positive trend in earnings estimate revisions [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 2%, indicating a positive outlook [10] - BIP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are a common tool for investors, they can often mislead, and reliance solely on them may not yield favorable returns [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

Core Viewpoint - Foundry JV Holdco LLC is initiating a consent solicitation to amend the terms of its outstanding Senior Secured Notes to improve rating agency assessments and address specific financial definitions and conditions [1][2]. Group 1: Consent Solicitation Details - The consent solicitation is aimed at adopting proposed amendments to the indentures governing various series of Senior Secured Notes, including those due in 2030, 2032, 2034, 2035, and 2038 [1][2]. - The proposed amendments include changes to the definition of Total Net Debt, allowing suspended distributions to be included for determinations after January 25, 2038, following an Intel Call Notice [2]. - The amendments also seek to modify the Events of Default related to Intel Member, linking it to Intel Corporation's performance under Material Project Documents [2]. Group 2: Financial Considerations - The consent solicitation will expire at 5:00 p.m. New York City time on January 17, 2025, with a consent fee of $1.00 per $1,000 in principal amount of Notes for consenting holders [3][5]. - Payment of the consent fee is contingent upon receiving consents from holders of more than 50% of the aggregate principal amount of each series of Notes [4][5]. Group 3: Company Background - Foundry JV Holdco LLC is indirectly owned by Brookfield Infrastructure Partners L.P. and was formed to invest in Intel's manufacturing expansion at its Ocotillo campus in Chandler, Arizona [8]. - The project involves two semiconductor wafer fabrication buildings, Fab 52 and Fab 62, along with related structures and equipment [8].

Core Viewpoint - Brookfield Infrastructure Partners (BIP) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based on changes in earnings estimates, which are tracked through the Zacks Consensus Estimate, reflecting EPS estimates from sell-side analysts for the current and following years [2]. - The Zacks rating upgrade for Brookfield Infrastructure signifies an improved earnings outlook, likely leading to a favorable impact on its stock price [4][6]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [5]. - For Brookfield Infrastructure, the rise in earnings estimates and the rating upgrade suggest an enhancement in the company's underlying business, which should drive the stock price higher [6]. Importance of Tracking Earnings Revisions - Empirical research supports the strong correlation between earnings estimate revisions and stock movements, making it beneficial for investors to track these revisions for investment decisions [7]. - The Zacks Rank stock-rating system effectively utilizes earnings estimate revisions to classify stocks into five groups, with a proven track record of performance [8]. Specific Earnings Estimates for Brookfield Infrastructure - For the fiscal year ending December 2024, Brookfield Infrastructure is expected to earn $3.07 per share, reflecting a 4.1% increase from the previous year, with a 0.2% rise in the Zacks Consensus Estimate over the past three months [9]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across its universe of over 4000 stocks, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [10][11].

I love to see dividend income flow into my brokerage account. It gives me more cash to invest until I retire and can live off my passive income.I typically buy shares of many dividend stocks each year, focusing on high-yielding dividend stocks because they generate more income for every dollar I invest. However, if I could only buy shares of one dividend-paying company this year, it would be Brookfield Infrastructure (BIPC -1.11%) (BIP 0.31%). Here's why it's my top choice for generating dividend income in ...

BROOKFIELD, NEWS, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its fourth quarter 2024 conference call and webcast on Thursday, January 30, 2025 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: BIP2024Q4ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. ...

Stocks nosedived this week after the Federal Reserve reset its interest rate expectations for 2025. The Federal Reserve is now forecasting only two quarter-point rate reductions next year, a more modest pace than the market had hoped. That put downward pressure on more rate-sensitive stocks, like real estate investment trusts (REITs) and others that pay a higher-yielding dividend.The rate-cut decision is bad news for anyone seeking to buy a home or having a high mortgage rate they want to refinance. However ...

BROOKFIELD, News, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) and Brookfield Infrastructure Corporation (“BIPC”) (TSX, NYSE: BIPC) today announced that they have now received all required shareholder, court and regulatory approvals for the previously-announced proposed reorganization of BIPC (the “Arrangement”). Accordingly, the Arrangement will become effective prior to markets open on December 24, 2024. As a result of the Arrangement, in excha ...

Brookfield Infrastructure (BIPC -6.83%) (BIP -6.37%) offers investors the best of both worlds. The global infrastructure operator pays a very attractive dividend (more than 4% yield). On top of that, it's growing briskly (more than 10% annually). Those dual catalysts should enable the infrastructure stock to continue producing strong total returns in 2025 and beyond. That makes it a top buy for income and upside as we head into the new year.A rock-solid income streamBrookfield Infrastructure has been an exc ...

BROOKFIELD, NEWS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- BIP Investment Corporation (“BIPIC”) (TSX: BIK.PR.A), an indirect subsidiary of Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN), today announced the voting results from the special meeting of holders of its senior preferred shares, series 1 (the “Preferred Shares”) held today in a virtual meeting format (the “Meeting”). BIPIC also announced that it intends to redeem all of the outstanding Preferred Shares for ...