Pembina Pipeline Corp T.PPL.PF.B

One more target price increase today

[hawk35]

Wells Fargo’s Praneeth Satish raised his targets for Enbridge Inc. (ENB-T +0.98%increase, “overweight”) to $64 from $58, Gibson Energy Inc. (GEI-T +0.33%increase, “underweight”) to $23 from $20, Keyera Corp. (KEY-T +1.14%increase, “equal weight”) to $33 from $31 and Pembina Pipeline Corp. (PPL-T +0.73%increase, “equal weight”) to $51 from $46. The averages are $58.95, $25.56, $35.57 and $49.90, respectively.

[stockmarket1]

I read some other price targets by others also were around the $50 / $51 dollar range. Seems like that is fair value for PPL. On BNN the other day the analysts stated that PPL over $50 would be very expensive on a valuation bases, whereas, its competitor is much cheaper. But he did say the company was great and has very solid management.