RBC Capital Markets raised its price target on Pembina Pipeline (PPL.TO, PBA) to C$77 from C$68.

Analyst Maurice Choy maintained an Outperform rating on shares of the Canadian energy transportation and storage infrastructure company.

"Following its April 7 business update that we felt helped stabilize (if not reinvigorate) Pembina's stock sentiment, recent announcements should give investors further confidence that its growth story, which has attracted the market's focus in the prior decade, has meaningfully returned," Choy said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)