The Globe and Mail reports in its Friday, April 19, edition that Stifel analyst Cole Pereira has reaffirmed his "buy" call for Pembina Pipeline. The Globe's David Leeder writes that Mr. Pereira boosted his share target by a loonie to $56. Analysts on average target the shares at $53.60. Mr. Pereira says in a note: "[Thursday] morning we added Pembina to the Stifel Select List, as we now view the stock as our top name in the Canadian energy infrastructure sector. Pembina screens attractively given its strong earnings quality, leading FCF conversion and lower leverage, which enhances its lower-risk path to attractive dividend growth. Perhaps more relevant in the current market, Pembina remains less of a rate-driven trade than its larger peers Enbridge and TC Energy, and has a number of near-term catalysts including potential FIDs on Cedar LNG and new ethane infrastructure, as well as its May 16, 2024, investor day. While Pembina does trade at a slight premium to its peers at 10.3 times 2025 estimated EV/EBITDA, we believe this premium needs to widen to better reflect the points above. Our EBITDA forecasts increase 2 per cent in 2024 and 1 per cent in 2025 to reflect its updated guidance, bumping our target price."