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

Parkland Price Target Lifted to $42 from $41 by National Bank of Canada

BY MT Newswires | ECONOMIC | 08/06/25 11:10 AM EDT

11:10 AM EDT, 08/06/2025 (MT Newswires) -- Parkland (PKI.TO)'s price target rose to $42.00 from $41.00 with a tender rating at National Bank of Canada, according to a Tuesday note.

The price target reflects the current valuation of Sunoco's (SUN) offer for Parkland, the bank said.

Parkland reported an adjusted EBITDA of $508 million in the second quarter, exceeding the consensus forecast of $485 million and increasing from $504 million a year ago.

Sunoco's acquisition of Parkland is expected to close in the fourth quarter. The transaction received final order court approval and Competition Act clearance, and is under review under the Investment Canada Act, the bank said.

Price: 38.96, Change: -0.18, Percent Change: -0.46

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

More Fixed Income News

Fed?s Hammack tilts hawkish on rates, questions CPI drop as distorted BY Coindesk |ECONOMIC 10:11 AM EST
Wall St Week Ahead-A Santa rally? Investors hope for year-end gains to cap strong 2025 BY Reuters |ECONOMIC 09:00 AM EST
Fed's Hammack signals holding rates steady for months, WSJ reports BY Reuters |CORPORATE 06:48 AM EST
Trump appointee inspired by conservative media outlet to push for probe of Democratic congressman BY Reuters |AGENCY 12/20/25 01:39 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