The Globe and Mail reports in its Thursday, May 18, edition that Stifel analyst Cole Pereira has upgraded his recommendation for Gibson Energy to "buy" from "hold." The Globe's David Leeder writes that Mr. Pereira gave his share target a $1 boost to $26. Analysts on average target the shares at $24.96. Mr. Pereira boosted his recommendation after Tuesday's announcement of the sanction of two new tanks at its Edmonton terminal and increased its 2023 capital guidance. Mr. Pereira says in a note: "We have increased our target price to reflect [Gibson's] improving growth trajectory, which in combination with its recent pullback (down 9 per cent year-to-date vs. the TSX Composite 4 per cent) sees us upgrade the stock to 'buy' from 'hold.' While we continue to favour Keyera for sector exposure, we would highlight Gibson's valuation at 8.8 times 2024 estimated P/DCPFS and a 7.3-per-cent yield vs. Keyera 9.6 times/5.9 per cent." The Globe reported on Feb. 13 that Mr. Pereira began coverage on Gibson with a "hold" rating. Gibson shares could then be had for $23.86. The Globe reported on April 22 that ATB analyst Nate Heywood had reaffirmed his "sector perform" call for Gibson when it could be had for $22.04.