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Fly News Breaks for December 19, 2019
KMI, PBA
Dec 19, 2019 | 06:57 EDT
Wells Fargo analyst Praneeth Satish initiated coverage of Pembina Pipeline with an Equal Weight rating and C$50 price target. The analyst's neutral outlook is due to valuation, base volume declines and a technical overhang with Kinder Morgan (KMI) owning 5% of the shares and likely to monetize its stake in 2020.