Jefferies raised the firm’s price target on TC Energy (TRP) to C$71 from C$65 and keeps a Hold rating on the shares as part of a Q4 preview for the Canada midstream group. The firm is sitting in-line with consensus estimates heading into Q4. Accelerating tariff rhetoric has weighed on the sector and investors will remain on the sidelines until there is greater clarity, the analyst tells investors in a research note.
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Read More on TRP:
- TC Energy to Announce Q4 2024 Financial Results on February 14
- TC Energy initiated with a Buy at TD Securities
- TC Energy price target raised to C$74 from C$71 at National Bank
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