TSX:PPL - Post Discussion
Post by
ace1mccoy on Feb 25, 2022 10:18am
Credit Suisse Maintained TP
| | | | Credit Suisse Maintains Pembina's Price Target, Rating | | 2022-02-25 10:09:27 AM ET (MT Newswires) | | | |
| | | 10:09 AM EST, 02/25/2022 (MT Newswires) -- Credit Suisse said Friday that it maintained Pembina Pipeline Corp. (PPL.TO) 's price target of $47.00 and neutral rating after the company released its fourth-quarter 2021 results.
Pembina reported an adjusted EBITDA of $970 million, beating Credit Suisse's estimate of $863 million and Street's forecast of $898 million.
Credit Suisse said risks to its target price include regulatory issues, volumes, interest rates and commodity pricing and dynamics impacting resource development.
Credit Suisse said Pembina's marketing segment was well beyond expectations but the pipelines segment was weaker than expected.
In general, the current environment is conducive to a marketing business and asset exposure. With the management question now addressed with the CEO appointment earlier in the week, many will be able to focus on the favorable fundamentals of the core business.
Given the long-cycle nature of its coverage universe, Credit Suisse said it does not place undue emphasis on short-term quarterly results.
Price: 42.32, Change: +0.48, Percent Change: +1.15 | | | |
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