Pembina Pipeline downgraded at Citi, seen leaning back after strong run

MSN
2026.05.18 18:45
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Pembina Pipeline (PBA) rose 0.7% on Monday despite a downgrade from Citi to Neutral from Buy, with a price target of C$70. The downgrade follows a strong performance that limits further upside, as the company reported fee-based growth at a 5%-7% compound annual growth rate through 2030, exceeding the previous 4%-6% CAGR.