Analyst Reiterates Buy Rating and Sets C$65 Price Target on Confidence in PAA Deal Approval and 7–8% EBITDA CAGR Outlook

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2026.05.19 03:25
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Analyst Sam Burwell from Jefferies has reiterated a Buy rating on Keyera Corp. with a C$65 price target, citing confidence in the PAA deal approval despite regulatory challenges. He expects a 7-8% EBITDA CAGR through 2029, anticipating a favorable ruling from the Competition Tribunal. Burwell's analysis suggests that the market will assign a higher valuation over time, supporting his recommendation.