Salient MLP & Energy Infrastructure Fund (NYSE:SMF) Upgraded to Buy by Sprott Securities

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.

Recommended Story: P/E Growth (PEG)

Receive News & Ratings for Salient MLP & Energy Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salient MLP & Energy Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.