-- Credit Suisse on Friday reiterated its outperform rating on the shares of Pembina Pipeline (PPL.TO) with a C$56.00 price target after the Western Canadian oil and gas infrastructure and processing company reported better than expected first-quarter results. "Pembina Pipeline Corporation (PPL) reported Q1 2022 adjusted EBITDA of C$1,006m that beat both our Street high C$948m view, the Street's C$908m view and the C$858m-C$948m range," the investment bank said in a note. "Notably, the Marketing segment was well beyond expectations (both our view and the company survey) and the other segments were either in line (Pipelines) or beat (Facilities). In general, the current environment is conducive to a Marketing business and asset exposure possessed by PPL. As with a number of other regional midstream stocks in Canada and the more market exposed US-names, a question of the beat quantum is key as is other developments in the business. To us, the amount of the beat is sufficient, the momentum is positive and PPL's business overall activities look to be positive and further compound upon a network advantage.