The Globe and Mail reports in its Friday, May 16, edition that Scotia Capital analyst Robert Hope continues to rate Keyera "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hope bumped his share target up by a loonie to $51. Analysts on average target the shares at $46.32. Mr. Hope says in a note: "Keyera posted another strong quarter with its core infrastructure assets continuing to see solid growth. The KFS frac III was formally sanctioned, which was not a surprise, and other projects, including KAPS zone IV, appear to be making significant progress. KFS III gives greater visibility to the company's fee-based growth outlook. Our target price increases [reflects] the value of the KFS III project. The shares were weak following the quarter, which we attribute to the 2025 marketing guidance of $310-million to $350-million being lower than some expected with consensus at $349-million (though in-line with our estimates). Our go-forward estimates do not materially move. Keyera remains one of our favourite midstream names given it has: low leverage (management forecasts two times adjusted debt to EBITDA at Q1/25 vs. target of 2.5 to three times."