Scotia Adjusts Pembina Pipeline Corp. (PPL-T unchno change
, “sector outperform”) to $64 from $57. Average: $59.21.
Analyst: “We believe Pembina is well positioned to benefit from continued volume growth at its core asset base, and in recent months, we have seen the company very active in adding several tuck-in acquisitions with value-chain benefits. With a strong balance sheet and leverage forecasted near the bottom end of its targeted range in 2025, we think Pembina has the ability to pursue future growth while maintaining its ability to pay down debt and buy back shares.”