Bullboard - Stock Discussion Forum Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include... see more

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TSX:PKI - Post Discussion

Parkland Corp > ,,,,,,,,,,,,BMO........KEEPS Target to $35........OUTPERFORM

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Post by Red_Deer on Mar 06, 2023 3:26pm

,,,,,,,,,,,,BMO........KEEPS Target to $35........OUTPERFORM

Parkland Maintained at Outperform at BMO Following Q4 Results; Price Target Kept at C$35.00

03/06/2023 (MT Newswires) -- BMO Capital Markets on Monday reiterated its outperform rating on the shares of Parkland (PKI.TO) and its C$35.00 price target after the oil refiner and gas-station operator reported fourth-quarter results near expectations.

"Parkland reported Q4/22 EBITDA of $455mm vs. BMO Research/mean of $446mm/$448mm. The slight beat was a result of strong same store sales growth in the Canada segment. Management reiterated its 2023 EBITDA guidance of $1.7-1.8 billion and 2025 target EBITDA of $2 billion, all through organic growth. We reiterate our Outperform rating and $35.00 target price," analyst Peter Sklar wrote.

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