TC Energy price target raised to C$67 from C$66 at RBC Capital

RBC Capital analyst Robert Kwan raised the firm’s price target on TC Energy to C$67 from C$66 and keeps an Outperform rating on the shares. Following the spinoff of TC Energy’s Liquids Pipelines business into South Bow Corporation, the firm sees TC Energy’s “unique mix” of low-risk regulated or long-term contracted interstate and inter-provincial natural gas pipelines and power generation facilities as being attractive to many investors, the analyst tells investors in a research note.