TSX:ALA - Post Discussion
Post by
TimeBuilder on Jul 29, 2023 1:00pm
Q2 comments National Bank ;>O
11:34 AM EDT, 07/28/2023 (MT Newswires) -- National Bank of Canada said Friday that AltaGas Ltd. (ALA.TO)'s adjusted EBITDA of $239 million beat the bank's estimate of $233 million and Street forecast of $244 million.
The company also reiterated its adjusted EBITDA guidance of $1.5 billion to $1.6 billion and annual growth guidance of 5% to 7% through 2026 under newly appointed CEO Vern Yu.
The bank expects modest changes to our estimates and valuation following the company's conference call.
National Bank gave AltaGas an outperform rating with a $30.00 price target.
AltaGas at last look gained 4.1% in early Friday trading.
Price: 25.90, Change: +1.01, Percent Change: +4.06
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