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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (110953)	7/26/2021 10:17:07 AM
From: Goose94	Respond to of 203017

Pembina Pipeline (PPL-T) uptick 4.34%

To: Goose94 who wrote (110953)	7/27/2021 8:15:18 AM
From: Goose94	Read Replies (2) \| Respond to of 203017

Pembina Pipeline (PPL-T) iA Capital analyst Elias Foscolos continues to see positive momentum for Canadian energy infrastructure companies as vaccination rates increase and pandemic-driven restrictions ease. Mr. Foscolos, citing potential returns, raised his rating for Pembina Pipeline to "buy" from "hold." As well, he boosted his share target to $43 from $42. Analysts on average target the shares at $40.94. Mr. Foscolos says in a note: "Heading into Q2 earnings, we are projecting EBITDA of $858-million, which is at the high end of consensus. We are still forecasting contributions from assets to be placed into service during 2021 including its Watson Island Propane export terminal, which will offset some declines in other assets such as the Ruby Pipeline. Our 2021 EBITDA estimate remains unchanged at $3.36-billion. We still believe there is the possibility that Pembina's marketing segment could outperform and prompt an upward revision in its EBITDA guidance range of $3.2-billion to $3.4-billion. Heading into earnings, we are upgrading our target and increasing our rating."