The Globe and Mail reports in its Thursday, June 19, edition that BMO Nesbitt Burns analyst Ben Pham has reaffirmed his "outperform" recommendation for Keyera. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pham's share target soared $8.50 to $54. Analysts on average target the shares at $46.55. Mr. Pham says in a note: "We believe the Plains NGL deal is highly strategic for Keyera. First, it enhances Keyera's scale: fee-based adjusted EBITDA increases 50 per cent; DCF/sh mid-teens increase and enterprise value up 40 per cent to $19-billion. Second, it enhances Keyera's existing integrated NGL footprint in Western Canada and extends the footprint into eastern North America, creating a more efficient NGL platform and expands connectivity and service offerings. Third, it further diversifies cash flows while maintaining a high degree of fee-based assets (approximately 70 per cent) supporting dividend sustainability. Lastly, it accelerates growth (currently guiding for 7- to 8-per-cent fee-based growth through 2027). On business mix, gas processing declines to 21 per cent from 29 per cent, liquids infrastructure increases to 49 per cent vs. 38 per cent and marketing to 30 per cent from 33 per cent."