Citi raised the firm’s price target on Pembina Pipeline to C$56 from C$53 and keeps a Neutral rating on the shares. The analyst cites positive cash flow impacts from accretive acquisitions and stronger than expected base business performance for the target increase. Pembina’s “constructive” growth outlook continues to improve with accretive acquisitions,” which bolsters an already flush backlog of long-term growth opportunities,” the analyst tells investors in a research note.
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