Analysts update on acquisition In response to its $1.5-billionre deal to acquire the South Texas Gateway Terminal, Credit Suisse’s Andrew Kuske raised his Gibson Energy Inc. (GEI-T) target to $26.50 from $25.50 with an “outperform” rating, while Stifel’s Cole Pereira increased his target to $29 from $26 with a “buy” rating. The average is $25.23.
“We view this acquisition as a positive for GEI as it creates a new platform of tangible growth for the company, while improving its contract profile, meaningfully growing DCFPS, and maintaining a strong balance sheet,” said Mr. Pereira.