Keyera Corp: Risk-Reward Shifting But Still Bullish
Keyera Corp has been downgraded from a strong buy to a buy rating following a significant 25% increase in stock value. The company remains a strong player in the Canadian NGL infrastructure sector despite facing potential regulatory challenges. Analysts continue to view the long-term prospects positively, supported by fee-based projects that promise steady EBITDA growth.
- ▪Keyera Corp's stock was downgraded from strong buy to buy after a 25% increase.
- ▪The company recently completed the acquisition of Plains Canadian NGL but is facing a tribunal risk from the Competition Bureau.
- ▪Keyera's fee-based projects are expected to support a 7-8% EBITDA compound annual growth rate.
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