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The latest announcement is out from Parkland ( (TSE:PKI) ).
Parkland Corporation has initiated consent solicitations to amend the indentures governing its outstanding notes in connection with its acquisition by Sunoco LP. This move is aimed at eliminating the obligation to make a ‘Change of Control Offer’ and redefining ‘Change of Control’ to recognize Sunoco as a qualified owner. The transaction has not resulted in any downgrade of the notes’ ratings by major rating agencies, indicating a stable outlook for Parkland’s financial instruments post-acquisition.
The most recent analyst rating on (TSE:PKI) stock is a Hold with a C$43.00 price target. To see the full list of analyst forecasts on Parkland stock, see the TSE:PKI Stock Forecast page.
Spark’s Take on TSE:PKI Stock
According to Spark, TipRanks’ AI Analyst, TSE:PKI is a Outperform.
Parkland scores a 72.7, reflecting its solid operational cash flows and effective cost management. High leverage and valuation metrics, combined with challenges in the U.S. segment, temper the overall outlook. However, strong corporate events and strategic initiatives provide potential for future growth.
To see Spark’s full report on TSE:PKI stock, click here.
More about Parkland
Parkland Corporation operates in the energy sector, primarily focusing on fuel distribution and marketing. It offers a range of petroleum products and services, catering to various markets including commercial, retail, and wholesale sectors.
Average Trading Volume: 1,122,068
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$6.68B
See more data about PKI stock on TipRanks’ Stock Analysis page.