National Bank upgraded Gibson Energy to Outperform from Sector Perform with a C$26 price target after resuming coverage of the name. The analyst says the company’s acquisition of the South Texas Gateway Terminal is strongly accretive. The firm sees a total return opportunity of over 30% with the shares down 10% year-to-date.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GBNXF:
- Gibson Energy upgraded to Outperformer from Neutral at CIBC
- Gibson Energy price target raised to C$26.50 from C$25.50 at Credit Suisse
- Gibson Energy Expands Liquids Infrastructure Platform with Acquisition of Texas Gulf Coast Crude Oil Export Facility for US$1.1 Billion, Announces Concurrent $350 Million Subscription Receipt Bought Deal Offering
- Gibson Energy price target lowered to C$25 from C$25.50 at Stifel
- Gibson Energy Declares Dividend