Scotiabank raised the firm’s price target on Enbridge (ENB) to C$61 from C$57 and keeps a Sector Perform rating on the shares. The company’s 2025 outlook was better than expected and it also announced a 3% dividend increase for 2025, the analyst tells investors. The firm raised its price target on the stock to match its higher EBTIDA estimates and to reflect the continued strong Gas Transmission growth.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENB:
- Enbridge price target raised to C$63 from C$59 at RBC Capital
- Enbridge increasing quarterly common share dividend 3% to 94.25c per share
- Enbridge sees 2025 adjusted EBITDA C$19.4B-C$20.0B
- Enbridge still sees adjusted EPS growth of 4%-6% from 2023 to 2026
- Enbridge sees 2024 adjusted EBITDA near top end of C$17.7B-C$18.3B guidance
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue