Citi Raises Price Target on Pembina Pipeline (PBA) Despite Downgrading Rating
On May 18, 2026, Citi analyst Spiro Dounis raised the price target for Pembina Pipeline Corporation (NYSE:PBA) to C$70 from C$63 but downgraded its rating to Neutral from Buy due to valuation concerns after a recent stock rally. The company also announced an NCIB program on May 13, allowing share repurchases up to 5% of outstanding shares.
Topics: Citi Pembina Pipeline RBC Capital Stock Repurchase Program