The Globe and Mail reports in its Thursday, April 23, edition that ATB Cormark Capital Markets analyst Nate Heywood continues to rate AltaGas "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Heywood raised his share target to $54 from $52. Analysts on average target the shares at $51.50. Mr. Heywood says in a note: "The EI space year-to-date has performed well, with the bulk of names in our coverage realizing share price performance above major benchmarks like the S&P 500 and TSX. Recently, we've seen shares fall off their highs, despite ongoing conflict in the Middle East and a strengthening case for Canadian energy in the global market. The pullback here likely reflects a more uncertain interest rate environment (policy rates holding flat with potential for increases) given inflation concerns under the higher commodity price environment and capital recycling back out of energy on optimism for a peace deal. While there has been a cooling period, we currently see an underlying advantage for Canadian energy infrastructure names in a global market hungry for reliable supply and an improving narrative for egress project development."