The Globe and Mail reports in its Thursday edition that National Bank Securities analyst Patrick Kenny is keeping his "outperform" recommendation for Pembina Pipeline intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kenny gave his share target a $3 boost to $60. Analysts on average target the shares at $57.63. Mr. Kenny says in a note: "Overall, with a bump to our longer-term fee-based contributions offset by weaker near-term marketing margins, combined with rolling our valuation to 2027, our target moves up 5 per cent to $60 (was $57), in line with our four-year AFFO/sh CAGR (2025e-2029e) of 5 per cent. Combined with more than 15-per-cent valuation upside from Pembina's unsecured growth backlog, we maintain our 'outperform' rating, highlighting an attractive entry point with the name trading at a 1.5-times discount to its 10-year average EV/EBITDA multiple of 12.7 times." The Globe reported on June 27 that Mr. Kenny had upgraded Pembina Pipeline to "outperform" from "sector perform." It was then worth $50.98. The Globe reported on Oct. 10 that CIBC World Markets analyst Robert Catellier had reaffirmed his "outperformer" recommendation for Pembina Pipeline. It was then going for $54.61.