Citi raised the firm’s price target on Pembina Pipeline to C$50 from C$47 and keeps a Neutral rating on the shares. The target increase reflects the company’s recently announced commercial success, including a 50kbpd ethane supply and transport agreement with Dow and incremental Nipisi contracts, the analyst tells investors in a research note.
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Read More on PBA:
- Pembina Pipeline initiated with a Buy at Jefferies
- Pembina Pipeline price target raised to C$56 from C$55 at CIBC
- Pembina Pipeline price target raised to C$52 from C$50 at Scotiabank
- Pembina Pipeline price target raised to C$53 from C$52 at BMO Capital
- Pembina Pipeline reports Q4 EPS C$1.21 vs. C$0.39 last year
