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UPDATE: Canaccord Genuity Upgrades Pembina Pipeline Corp. to Buy

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In a report issued Tuesday, analysts at Canaccord upgraded their rating on Pembina Pipeline Corporation (NYSE: PBA) from Hold to Buy and boosted the price target to $48.

With the news that Pembina has received commercial commitments to proceed with a $460 million propane-plus fractionator, the team of analysts at Canaccord led by Juan Plessis believes the company should be poised for great performance.

Plessis noted Pembina has also discussed the potential for future gas plants which would help add to the company's growth portfolio.

Pembina shares have rallied more than 2 percent to around $41.89 at last check.

Latest Ratings for PBA

DateFirmActionFromTo
May 2020RBC CapitalMaintainsOutperform
Feb 2020Wells FargoUpgradesEqual-WeightOverweight
Jan 2020JP MorganInitiates Coverage OnOverweight

View More Analyst Ratings for PBA
View the Latest Analyst Ratings

 

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Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GDWolfe ResearchDowngrades
QRTEAB of A SecuritiesInitiates Coverage On
ABB of A SecuritiesDowngrades42.0
VCTRB of A SecuritiesUpgrades32.0
BSIGB of A SecuritiesUpgrades27.0
View the Latest Analytics Ratings
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