BMO Capital analyst Benjamin Pham has maintained their bullish stance on ATGFF stock, giving a Buy rating today.
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Benjamin Pham has given his Buy rating due to a combination of factors including AltaGas’s strong operational track record and visible long‑term growth. The company has consistently met or exceeded its earnings and EBITDA targets for seven years, is accelerating regulated rate base expansion, and has successfully managed leverage within its target range while benefiting from improving commodity market conditions.
Pham also emphasizes the value proposition at the current valuation multiple relative to utility and pipeline peers, even after raising his target price. He highlights secured and progressing capital projects, robust hedging on LPG exports and frac spreads, and a premium U.S. utility platform with solid rate base growth through 2030, all of which support sustained earnings growth and justify a Buy recommendation.
In another report released today, Jefferies also maintained a Buy rating on the stock with a C$53.00 price target.