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Fly News Breaks for December 8, 2017
PBA
Dec 8, 2017 | 07:26 EDT
After hosting investor meetings with management, JPMorgan analyst Jeremy Tonet raised his price target for Pembina Pipeline shares to C$55 from C$53. The meetings reaffirmed the analyst's confidence in Pembina as his top pick heading into 2018. He views the company's "quality growth as top-tier," especially given its lack of equity needs and management's focus on remaining within the guard-rails. Tonet keeps an Overweight rating on Pembina Pipeline.
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