Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Stifel has upgraded 3i Infrastructure PLC (LON:3IN) from Hold to Buy and raised its price target to GBP3.90 from GBP3.60, citing strong portfolio performance.
The investment firm highlighted that 3i Infrastructure’s portfolio is performing well, with TCR identified as a key driver of growth. TCR is currently under strategic review, though Stifel did not provide an update on this process in its analysis.
Stifel noted there is "in excess of 50% likelihood" of TCR being sold within the next six months, which would represent a significant transaction for the infrastructure investment company.
The firm expects that proceeds from potential sales would allow 3i Infrastructure to repay its Revolving Credit Facility (RCF), which represents approximately 10% of the company’s Net Asset Value (NAV).
Stifel also pointed to "continued good trading performance from most of the investments" in 3i Infrastructure’s portfolio as another factor supporting its more positive outlook on the stock.
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