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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Top infrastructure picks

BMO analyst Ben Pham presented his new top picks in the income-heavy energy infrastructure sector,

“We are rolling forward our valuation base to 2027 vs. 2026 and introducing our 2028 estimates, driving target price increases for the majority of our Cdn. Energy Infrastructure coverage. These changes largely reflect new organic growth projects, acquisition integration, and improved balance sheets. Also, we are introducing a new Top 3 Best Idea roster: Keyera is now our new Top Pick (KEY; OP; $54 target unchanged), followed by Northland Power (NPI; OP; new $31 target), and TransAlta (TA; OP; new $21 target). Previously, we focused on a Top 5 pecking order: TA

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