CIBC Cuts AltaGas and Pembina Pipeline to Neutral From Outperformer
Dow Jones Newswires reports CIBC World Markets lowered its rating on AltaGas and Pembina Pipeline to neutral, keeping the AltaGas target at C$58 per share.
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what happened
According to Dow Jones Newswires, citing Baystreet, CIBC World Markets downgraded its recommendation on Canadian companies AltaGas Ltd. and Pembina Pipeline Corp. from outperformer to neutral. At the same time, the price target for AltaGas was maintained at C$58 per share.
why it matters
Both downgrades involve large Canadian companies in the pipeline and energy sector. For investors this is a signal of a shift in analyst views, but on its own it usually does not change the outlook for the oil and gas market.
tags
instruments
sources
- AltaGas Ltd. Cut to Neutral From Outperformer by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- Pembina Pipeline Corp. Cut to Neutral From Outperformer by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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