BMO Capital analyst Ben Pham upgraded Gibson Energy (GBNXF) to Outperform from Market Perform with a price target of C$28, up from C$25.50. The firm says the company’s capital budget release highlights the optionality of its Gateway Terminal, with a contract extension driving significantly higher revenue for that customer and sanctioned a new project supporting visibility to achieving 15%-20% Gateway Terminal EBITDA growth by end of 2025.
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Read More on GBNXF:
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- Gibson Energy resumed with a Strong Buy at Raymond James
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
