The Globe and Mail reports in its Friday, Feb. 23, edition that BMO Capital analyst Ben Pham has reaffirmed his "outperform" recommendation for Pembina Pipeline. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pham tweaked his share target ahead by a loonie to $53. Analysts on average target the shares at $52.43. Mr. Pham says in a note: "Q4/23 results support our thesis that Pembina Pipeline is one of the best positioned in our coverage to benefit from rising WCSB volumes. EBITDA results beat by 2 per cent with full-year setting a new high watermark despite Alberta wildfires earlier in the year. Pembina also secured new contracts to expand gas processing and ethane movement, reinforcing the value of its integrated network. With shares still offering good value (10 times EBITDA vs. peers 10.5 times), we maintain 'outperform' rating." The Globe reported on May 9, 2022, that Mr. Pham continued to rate Pembina Pipeline "outperform." In the item, Mr. Pham said Pembina Pipeline was one of his top three picks. The shares were then worth $49.18. The Globe reported on Sept. 8, 2023, that Mr. Pham was sticking with his "outpeform" call on Pembina when the shares could be had for $41.79.