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Investing.com - BMO Capital maintained its Market Perform rating and Cdn$42.00 price target on Parkland Corp (TSX:PKI) (OTC:PKIUF) following the company’s third-quarter 2025 results.
The Canadian fuel distributor reported solid Q3/25 performance, driven primarily by stronger refining operations and consistent execution in both Canadian and International segments, though these gains were partially offset by weakness in the U.S. division.
Parkland also announced that its previously disclosed Sunoco transaction is expected to close on October 31, 2025, with new ’SUNC’ units scheduled to begin trading on the New York Stock Exchange on November 3, 2025.
BMO Capital’s maintained Cdn$42.00 price target reflects the implied transaction value of the Sunoco deal, according to the firm’s analysis.
The firm’s decision to keep its Market Perform rating comes as Parkland continues to execute on its operational strategy while preparing to finalize the significant Sunoco transaction later this week.
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