Globe & Mail - Scotia CapitalAnalyst Robert Hope from Scotia Capital increased target to $31.00 from $30.00.
“AltaGas remains our favourite utility stock. It should not only benefit from an above average rate base growth outlook (8-10-per-cent CAGR out to 2026) but also low capital, higher return midstream projects,” he said. “At this point, we are not including meaningful midstream expansion projects in our estimates and valuation, which provides an avenue of upside. Even still, we see AltaGas as having the strongest growth profile of the utilities.”