Gibson Energy initiated with a Hold at Stifel

Stifel analyst Cole Pereira initiated coverage of Gibson Energy with a Hold rating and C$25.50 price target. Gibson, which operates a large network of crude oil infrastructure assets in North America, "boasts a strong management team behind one of the best turnarounds in the space" and has demonstrated a commitment to shareholder returns, but more clarity on forward growth is needed, the firm tells investors.