Jefferies initiated coverage of Gibson Energy with a Hold rating and C$25 price target. The firm likes Gibson Energy for its defensively positioned assets, highly contracted cash flow profile and solid balance sheet.
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Read More on GBNXF:
- Gibson Energy Reports 2023 Fourth Quarter and Full Year Results, a 5% Dividend Increase and Announces CEO Transition Plan
- Gibson Energy Announces 5% Dividend Increase and Declares Dividend
- Gibson Energy price target raised to C$25 from C$24 at National Bank
- Gibson Energy price target raised to C$27 from C$26 at CIBC
