TD Securities last night initiated coverage of Gibson Energy (GBNXF) with a Hold rating and C$25 price target Companies with natural gas exposure and size advantages ranked best in TD’s scorecard, and should trade at the highest multiples, the analyst tells investors in a research note. The firm says the Canadian Midstream sector offers income-oriented investors low financial volatility and a growing dividend with an attractive yield. TD named Pembina its top pick in the group. Gibson’s relative crude oil exposure, size, growth outlook and capital structure contributed to its relative ranking., the firm points out.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GBNXF:
- Gibson Energy initiated with a Hold at TD Securities
- Gibson Energy price target raised to C$29 from C$27 at National Bank
- Gibson Energy downgraded to Equal Weight from Overweight at Wells Fargo
- Gibson Energy price target raised to C$30 from C$28.50 at Raymond James
- Gibson Energy price target raised to C$27 from C$26 at National Bank