The Globe and Mail reports in its Thursday, May 2, edition that Scotia Capital analyst Robert Hope has reaffirmed his "sector outperform" recommendation for Gibson Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hope gave his share target a $1 boost to $26. Analysts on average target the shares at $25.50. Mr. Hope says in a note: "Gibson Energy's legacy infrastructure business continues to perform well and the South Texas Gateway terminal (STGT) saw record volumes in the quarter. Management continues to speak favourably about the recontracting outlook for STGT, and we see this announcement as a catalyst for the shares. We move our 2024 estimates down slightly to reflect a more modest marketing outlook, though our longer-term estimates are largely unchanged. We also introduce our 2026 estimates, and move forward our valuation by a year. This drives up our target price. ... Year-to-date, Gibson's shares have been the top performer in our coverage universe. We believe there could be further upside as STGT is recontracted, though we will have to wait a little longer for this. We have a favourable view on Gibson given its strong balance sheet and easy-to-execute funding plan."