Barclays raised the firm’s price target on Pembina Pipeline (PBA) to C$69 from C$63 and keeps an Overweight rating on the shares. The firm says its meetings with midstream companies highlighted the “breadth of incremental growth opportunities that are emerging as a result of the ongoing global supply shock.” Barclays sees long-term “structural upside” for its midstream covered names.
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Read More on PBA:
- Pembina Pipeline downgraded to Neutral from Buy at Citi
- Pembina Pipeline price target raised to C$67 from C$64 at JPMorgan
- Pembina Pipeline Renews Share Buyback Program to Repurchase Up to 5% of Shares
- Pembina Pipeline renews share repurchase program
- Pembina Pipeline price target raised to C$68 from C$64 at RBC Capital