-- BMO Capital Markets on Tuesday maintained it outperform rating on the shares of Keyera (KEY.TO) and its C$55.00 price target.
While Keyera's shares have outperformed peers so far this year, the stock has come under pressure over last month likely due to uncertainty regarding its Plains NGL deal and lower commodity prices, BMO said.
BMO said it retained the rating and price target assuming the deal closes. It noted that subscription receipt holders receive $39.15 if the deal does not close, with more upside potential than common if it does.
Price: $49.77, Change: $-0.01, Percent Change: -0.02%