Sprott Securities upgraded shares of Salient MLP & Energy Infrastructure Fund (NYSE:SMF) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Stock Target Advisor reports. Sprott Securities currently has $4.80 target price on the investment management company’s stock.
Salient MLP & Energy Infrastructure Fund Company Profile
Salient MLP and Energy Infrastructure Fund (the Fund), is an organized, non-diversified, closed-end management investment company. Its investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions (Distributions) to its shareholders. The Fund seeks to provide its shareholders with a tax-efficient vehicle to invest in a portfolio of energy infrastructure companies that own midstream and other energy assets.
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