AltaGas price target raised to C$39 from C$37 at Jefferies

Jefferies raised the firm’s price target on AltaGas to C$39 from C$37 and keeps a Buy rating on the shares. The firm notes that “Central banks are cutting rates, bond yields are falling, and in turn, Canadian midstream equities are moving higher,” which is leading the firm to increase its price targets on the Canadian Midstream sector by an average of 8%.