tiprankstipranks

Enbridge price target raised to C$53 from C$48 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on Enbridge to C$53 from C$48 and keeps an Equal Weight rating on the shares. The analyst outlined near- and medium-term expectations for multiple commodity value chains across the firm’s midstream coverage. Long term, it likes Enterprise Products Partners (EPD) for diversification and yield, Targa Resources (TRGP) for a 2025 free cash flow inflection, and Cheniere (LNG) for secular tailwinds.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on ENB:

Disclaimer & DisclosureReport an Issue