TC Energy price target lowered to C$50 from C$51 at Barclays

Barclays analyst Theresa Chen lowered the firm’s price target on TC Energy to C$50 from C$51 and keeps an Equal Weight rating on the shares. The analyst says fundamental midstream drivers remain intact “amid substantial global volatility.” The firm sees a constructive long-term outlook for natural gas infrastructure. Near-term, geopolitical unrest on the heels of heightened conflict in the Middle East also underscores the importance of energy security and the need for abundant, affordable sources of energy, the analyst tells investors in a research note.