The Globe and Mail reports in its Thursday, March 7, edition that Citi analyst Spiro Dounis is keeping his "neutral" call on Pembina Pipeline intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dounis gave his share target a $3 boost to $50. Analysts on average target the shares at $53. Mr. Dounis notes that Pembina recently announced a 50,000-barrel-per-day ethane supply and transport agreement with Dow Chemical Canada. Mr. Dounis says in a note: "Pembina boasts a growth backlog of high-quality and low-carbon projects. However, the company already trades at a premium to peers and likely reflects most of these positive attributes. Pembina offers investors a unique dual track: a low-risk growing base business and one of the most holistic approaches to low-carbon growth among our coverage. Pembina's base business take-or-pay earnings profile bests its peers. Its growth backlog of low-carbon projects also stands out." The Globe reported on Oct. 6 that Mr. Dounis rated Pembina "neutral" in new coverage. It was then worth $31.05. The Globe reported on Nov. 21 and Jan. 5 that Mr. Dounis had reaffirmed his "neutral" recommendation for Pembina when it could be had for $44.72 and $45.95.