The Globe and Mail reports in its Friday, May 1, edition that RBC Capital Markets analyst Maurice Choy has reaffirmed his "outperform" recommendation for AltaGas. The Globe's David Leeder writes in the Eye On Equities column that Mr. Choy gave his share target a $5 boost to $55. Analysts on average target the shares at $51.71. Mr. Choy says in a note: "We are elated with the better-than-expected Q1/26 results and the directional guidance upgrade for 2026, which could be surpassed should the ongoing global LPG market strength continue, setting the year up well with financial and operational catalysts for investors to look forward to. Longer-term, the real story would be how Middle East geopolitical disruptions have fundamentally altered global LPG trade flows, positioning Canadian exports (particularly via AltaGas) as essential diversification for Asian buyers. Alongside a competitive utilities rate base growth and backed by a healthy balance sheet, AltaGas's platform is firing on all cylinders." The Globe reported on Oct. 31 that Mr. Choy said, "AltaGas has a credible platform to deliver steady phases of growth through the end of the decade." Its shares were then going for $41.71.
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