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12:02 PM EST, 01/10/2023 (MT Newswires) -- BMO Capital Markets on Tuesday reiterated its outperform rating on the shares of Parkland (PKI.TO) with a C$35.00 price target as its revised earnings estimate for the refiner and gasoline station operator.
"We have revised our 2023 EBITDA estimate for Parkland to $1,685mm from $1,591mm (guidance $1,700-1,800mm). We anticipate that the international segment will experience high growth as a result of heightened tourism activity, while the U.S segment will resume a normalized earnings level (absent trading losses that occurred in Q3/22). We have also introduced our 2023 quarterly and 2024 yearly estimates. We continue to rate Parkland Outperform with a $35 target price (unchanged). Parkland is expected to report Q4/22 results on March 2, 2023," analyst Peter Sklar wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 30.64, Change: +0.02, Percent Change: +0.07