Bank of America Upgrades Tortoise Energy Infrastructure Closed Fund to Neutral (TYG)
Tortoise Energy Infrastructure Closed Fund (NYSE:TYG) was upgraded by stock analysts at Bank of America from an “underperform” rating to a “neutral” rating in a report issued on Friday, AR Network reports.
Shares of Tortoise Energy Infrastructure Closed Fund (NYSE:TYG) traded up 0.42% during mid-day trading on Friday, hitting $47.38. The stock had a trading volume of 45,562 shares. Tortoise Energy Infrastructure Closed Fund has a 52 week low of $40.64 and a 52 week high of $50.64. The stock’s 50-day moving average is $46.07 and its 200-day moving average is $46.1.
Separately, analysts at Stifel Nicolaus upgraded shares of Tortoise Energy Infrastructure Closed Fund from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. They now have a $46.00 price target on the stock.
Tortoise Energy Infrastructure Corp. is a closed-end investment company investing primarily in equity securities of master limited partnerships (NYSE:TYG) operating energy infrastructure assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.