ATB's Heywood In response to the late Thursday announcement of the achievement of “significant” milestones for its Cedar LNG joint venture project with the Haisla Nation, ATB Capital Markets’ Nate Heywood raised his Pembina Pipeline Corp. (
) target by $1 to $56, exceeding the $53.27 average.
“Overall, the announcement provides material confidence in the project’s viability and we are constructive on the growth outlook given the Company’s ability to deploy capital and successfully develop projects that preserve economics,” he said.