AltaGas Ltd T.ALA

What RBC Dominin says...(wording..)

[bossu]

* In a research note titled Where there’s a will, there’s a way, RBC Dominion Securities analyst Robert Kwan raised his AltaGas Ltd. (

ALA-T +0.79%increase

 

) target to $31 from $26, keeping an “outperformer” rating. The average target on the Street is $25.70.

 

“We expect the market to continue to drive AltaGas’ share price higher based on a more positive outlook for Midstream volumes and higher valuations for both Midstream and Utilities, partly driven by recent M&A in the sector,” he said. “On M&A, while it is not the primary strategy, we believe that AltaGas’ willingness to explore value-enhancing opportunities (e.g., asset sales; breaking up the company) will lead to investors being more likely to ascribe higher valuations for AltaGas’ assets (and stock) versus its peers that the market views as unlikely to take similar steps.”

[Pingopallie12]

Up we go! Love it! 25% up atlesst

[marketsense]

While its good to see the analysts get behind ALA with their recommendations,  I can't help smirk and shake my head after a run from $12 to $25 with only one lonely voice that went out  on a limb early on with his recommendations.   I can't remeber his name but I do remember his  call around the $14-$15 levlel.   He stated at that time their were some risks but he

[imal4it]

His name is Ryan Bushell

[CanSiamCyp]

Hey MS! I believe that the BMO analyst Ben Pham was one of the first - if not the first - to put ALA at the top of their BUY list in the midstream category. As for the others - "better late than never". LOL! Cheers to all of the longs who held on to ALA during this roller coaster ride!

[Greenhorse]

This post has been removed in accordance with Community Policy

[Huckfinns]

This post has been removed in accordance with Community Policy

[Dragon1]

I've had ALA for 8-9 yrs and averaged down until it hit over $20.I also found it hard to beleive practically no one considered it a BUY at those levels.They have been executing their plan since the dividend cut and divestiture of non-core assets towards debt reduction.Increasing their share of Petrogas was a no brainer and I now expext annual dividend inceases in the 4-5% range and $30 with

[Capharnaum]

That's pretty much par for the course for analysts, unfortunately. They usually follow the stock trend, being one step behind at all times. They'll have hold/sell ratings when a stock goes sideways/down and they'll have buy ratings when a stock goes up. If you take your investing decisions based on analysts' opinions, imo you miss the real good value stocks and you may buy a