Jefferies initiated coverage of Pembina Pipeline with a Buy rating and C$52 price target. The firm is positive on the company given its diversified and integrated asset base, which is “well positioned” to deliver fee-based cash flow growth from rising Western Canadian Sedimentary Basin volumes and a solid backlog of projects, the analyst tells investors in a research note. Jefferies also cites Pembina’s visibility to continued dividend growth while maintaining a solid balance sheet.
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Read More on PBA:
- Pembina Pipeline price target raised to C$53 from C$52 at BMO Capital
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- Pembina Pipeline price target raised to C$50 from C$46 at National Bank
- Pembina Pipeline price target raised to C$55 from C$54 at CIBC
