Panmure Liberum on Tuesday increased mining company Anglo American's (AAL.L) price target to 34 pounds sterling from 30 pounds, while affirming its hold rating.
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MWB Research on Tuesday downgraded German online food delivery company Delivery Hero (DHER.F, DHER.VI) to hold from buy and increased its price target to 33.00 euros from 28.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Gibson Energy Inc. (GEI.TO) was upgraded to Buy from Hold at TD Securities on Tuesday.Analyst Aaron MacNeil raised his price target on shares of the Calgary-based midstream oilfield service company to $32 from $29."We believe that Gibson's 7% infrastructure growth target is being de-risked by an improving macro backdrop, which we expect will translate into capital-light brownfield opportunities," MacNeil said in a note to clients."While sector valuations are elevated relative to history, Gibson remains toward the lower end of the peer group, trading at a 2027E multiple of 10.3x vs. the peer average of 12.2x," the analyst said."We believe this discount has partially stemmed from a lack of visibility to the growth outlook," MacNeil said. "As such, we see the potential to narrow the gap to its peers as opportunities materialize."
CIBC Capital Markets raised its price target on Pembina Pipeline Corp. (PPL.TO) to $72 from $68.Analyst Robert Catellier maintained an Outperformer rating on shares of the Calgary-based energy transportation and infrastructure company."We view Pembina's sanctioning of the Heartland Extraction Plant, alongside the expansion of its long-term supply agreement with Dow Inc. (DOW), as further validation of the constructive LPG outlook while supporting management's targeted 5%-7% fee-based EBITDA/share growth through 2030," Catellier said in a note to clients."One key dynamic to monitor.... is the growing importance of labour availability and equipment procurement as infrastructure activity accelerates across the basin," the analyst said."In our view, early positioning on both fronts will be increasingly critical to maintain project timelines and capital discipline."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)