The Globe and Mail reports in its Wednesday, Jan. 31, edition that RBC Dominion Securities analysts expect investors in the Canadian energy infrastructure industry to "focus even more than normal on press release outlook statements and conference call commentary rather than the results themselves." The Globe's David Leeder writes in the Eye On Equities column that the RBC analysts say in a note: "Specifically, we think funding (especially in light of lower interest rates) and capital allocation will be the most topical subjects across all companies. While we think that there is generally investor appetite for well-contracted small to medium-sized growth projects, we believe the market will take a much more cautious approach to larger initiatives." The RBC analysts have reaffirmed AltaGas at "outperform" with a $32 share target. Analysts on average target the shares at $32.67. The Globe reported on Sept. 6 that National Bank Financial analyst Patrick Kenny had kept his "outperform" recommendation for AltaGas intact. The shares were then worth $26.58. The Globe reported on Sept. 19 and Jan. 25 that Scotia Capital analyst Robert Hope kept AltaGas at "sector outperform" when it was worth $27.25 and $28.48.
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