BMO Capital upgraded Keyera (KEYUF) to Outperform from Market Perform with a price target of C$54, up from C$45.50. The firm cites the stock’s year-to-date underperformance and the company’s “scale-changing” $5.15B NGL Plains acquisition for the upgrade. Keyera owns some attractive strategic infrastructure and its anticipated growth is significantly higher than peers, the analyst tells investors in a research note.
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Read More on KEYUF:
- Keyera Corp.’s Strategic Acquisition and Growth Potential Justify Buy Rating
- Keyera Corp. Launches $1.8 Billion Offering to Fund Strategic Acquisition
- Keyera Corp. Expands NGL Infrastructure with $5.15 Billion Acquisition
- Keyera Corp. Sanctions KAPS Zone 4 Expansion to Strengthen Market Position
- Keyera price target raised to C$47 from C$45 at TD Securities