Small font size A Larger text size A Largest text size A

National Bank of Canada Resumes Coverage of Keyera with a Sector-Perform Rating, $45 Price Target

BY MT Newswires | ECONOMIC | 06/20/25 11:28 AM EDT

11:28 AM EDT, 06/20/2025 (MT Newswires) -- National Bank of Canada resumed coverage of Keyera (KEYUF) with a sector-perform rating on the company's shares while raising its price target to $45.00 from $43.00 after the oil and gas processing and infrastructure company agreed to acquire the Canadian assets of Plains All American Pipeline for $5.15 billion and closed an offering of subscription receipts.

The bank said it restarted coverage of Keyera (KEYUF) after the following its $2.07-billion offering of subscription receipts closed.

The company will use the proceeds to partially fund its acquisition of Plains' Canadian NGL business. Closing is expected in the first quarter.

Price: 44.22, Change: +0.43, Percent Change: +0.98

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

China's central bank buys gold for 13th consecutive month BY Reuters |ECONOMIC 12/06/25 10:56 PM EST
China, Macao upgrade currency swap to long-term standing swap deal BY Reuters |ECONOMIC 12/06/25 01:30 AM EST
Fed Policy Easing Expectations Help Push Gains in US Equity Indexes This Week BY MT Newswires |ECONOMIC 12/05/25 04:49 PM EST
Nasdaq Extends Advance, Wall Street Logs Weekly Gain Amid Rate Cut Optimism BY MT Newswires |ECONOMIC 12/05/25 04:47 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article