Pembina Pipeline: We Transfer Coverage With No Moat Rating; Shares Fairly Valued | Morningstar

After taking a fresh look, we lower no-moat-rated Pembina's fair value estimate to CAD 53 from CAD 55 and to USD 38 from USD 39, respectively. Management indicated that toll negotiations for the Canadian section of the Alliance pipeline are https://www.morningstar.com/company-reports/1283448-pembina-pipeline-we-transfer-coverage-with-no-moat-rating-shares-fairly-valued?listing=0P000080HU