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