Pembina Pipeline Corp T.PPL.PR.G

Raymond James Hikes

[ace1mccoy]

Pembina Pipeline Corp. with an “outperform” rating and $63 target. Average: $59.93.

 

“We expect that PPL will be one of the prime beneficiaries from growing natural gas and NGL volumes in the WCSB that should materialize as new LNG capacity comes online,” said Mr. Barth. “While not a pound-the-table idea, it’s our view that valuation is undemanding for a business with clear macro tailwinds, highly contracted existing assets, and an exceptional balance sheet.”