Jefferies raised the firm’s price target on Pembina Pipeline to C$61 from C$58 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%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBA:
- Pembina Pipeline initiated with a Neutral at UBS
- Pembina Acquires Veren’s Assets, Bolsters Midstream Operations
- Pembina Pipeline joint venture to acquire midstream assets from Veren for C$400M
- Pembina Pipeline price target raised to C$56 from C$53 at Citi
- Pembina Pipeline price target raised to C$57 from C$53 at National Bank