Citi Downgrades Pembina Pipeline Amid Strong Performance

Pembina Pipeline (NYSE: PBA) received a downgrade from Citi to Neutral from Buy with a price target of $70, citing strong performance that has limited further upside. The company reported stronger-than-expected fee-based growth at an estimated compound annual rate of 5%-7%.

By Carl Surran, SA News Editor · Seeking Alpha ·

Citi Downgrades Pembina Pipeline Amid Strong Performance

Tickers: $C $PBA

Topics: Citi Pembina Pipeline price target stock downgrade

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