TSX:PPL - Post Discussion
Post by
Ariahp on Aug 23, 2021 3:24pm
Pembina to Keep Guidance Conservative with Actual Results
| Pembina to Keep Guidance Conservative with Actual Results at High End of Range, RBC Capital Markets Says |
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10:08 AM EDT, 08/09/2021 (MT Newswires) -- RBC Capital Markets in a Monday note said it expects Pembina Pipeline Corp. (PPL.TO) to continue to position its guidance conservatively amid some hopes for an increase in the entire guidance range, while actual results are seen to land at or through the high-end of the range. After the termination of the merger proposal with Inter Pipeline, RBC Capital Markets maintained its midstream thesis favoring stocks, such as Pembina, that the bank believes are well positioned to benefit from the growing Western Canadian Sedimentary Basin gas and liquids volumes, both from filling spare capacity and underpinning new contracted infrastructure. RBC Capital Markets has an Outperform rating on Pembina and raised its price target to $48 from $42. |
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