Keyera Price Target Lowered to $52 at TD

MT Newswires Live01-20

TD Securities lowered its price target on Keyera Corp. (KEY.TO) to $52 from $54 on Tuesday.

Analyst Aaron MacNeil maintained a Buy rating on shares of the Canadian oil and gas company after it announced an unplanned outage at its Alberta Envirofuels (AEF) facility following an investigation into reduced plant performance.

"While this announcement is unfortunate, it does not change our investment thesis for Keyera, with the impact of these issues to be resolved in the coming months," MacNeil said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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