Wells Fargo upgraded Pembina Pipeline (PBA) to Overweight from Underweight, raising its price target to C$76 from C$55. The bank cites a multi-decade growth opportunity driven by rising Western Canada Sedimentary Basin production and increased diluent demand. Analyst Praneeth Satish projects EBITDA growth acceleration to ~7% CAGR by 2035, with potential upside of ~$14 per share, assuming Pembina captures significant incremental volumes.
Pembina Pipeline double-upgraded at Wells Fargo on 'long runway' for WCSB oil growth
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