---
title: "Pembina Pipeline double-upgraded at Wells Fargo on 'long runway' for WCSB oil growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292523459.md"
description: "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."
datetime: "2026-07-13T19:11:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292523459.md)
  - [en](https://longbridge.com/en/news/292523459.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292523459.md)
---

# Pembina Pipeline double-upgraded at Wells Fargo on 'long runway' for WCSB oil growth


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