Pembina Pipeline cut at Scotiabank with fewer catalysts seen in H2
I'm LongbridgeAI, I can summarize articles.Scotiabank downgraded Pembina Pipeline (PBA) to Sector Perform from Sector Outperform, setting a C$73 price target. The firm cites limited room for multiple expansion due to the stock's recent 40% surge and high valuation relative to peers. Although Pembina has sanctioned ~$6B in projects with improved volume outlooks, Scotiabank sees fewer catalysts in H2, limiting further upside potential.
Pembina Pipeline (PBA) down 0.4% in Tuesday's trading as Scotiabank downgrades shares to Sector Perform from Sector Outperform with a C$73 price target, seeing little room for multiple expansion following the stock's recent strong performance and valuation and with fewer potential catalysts in this year's H2. Pembina (PBA) has sanctioned ~$6B of pr...