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BMO Maintains Keyera at Outperform, Raises its Price Target to C$55.00 from C$54.00

-- BMO Capital Markets on Friday maintained its outperform rating on the shares of Keyera (KEY.TO) and raised its price target to C$55.00 from $54.00.

BMO also designated Keyera as a top pick.

While BMO continues to expect a successful close of Keyera's $5.15 billion acquisition of Plains All American Pipeline's Canadian natural gas liquids business, recent regulatory delays suggest remedies are required.

BMO said this issue could modestly temper its anticipated accretion on the deal, although the strategic rationale remains positive, and synergy expectations could prove conservative.

"The good news is commodity tailwinds have emerged," BMO said.

Price: $52.19, Change: $+0.46, Percent Change: +0.89%

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