Citi Raises its Price Target on Pembina Pipeline (PBA) Citi analyst Spiro Dounis has raised his price target for Pembina Pipeline Corporation from C$63 to C$70, citing valuation concerns rather than any fundamental shift in the company's business prospects.
This move reflects a cautious approach by even the most optimistic analysts. The rapid ascent of energy stocks in recent months has led some investors to wonder if the market is ripe for a correction.
Pembina's valuation has been subject to intense scrutiny, particularly given its status as one of Canada's top performing stocks this year.