Barclays raised the firm’s price target on TC Energy to C$53 from C$51 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 TRP:
- Made-in-Ontario Pumped Storage will enhance province’s energy supply mix
- TC Energy price target raised to C$55 from C$54 at CIBC
- TC Energy price target raised to C$51 from C$50 at Barclays
- TC Energy price target raised to C$54 from C$53 at National Bank
- TC Energy price target raised to C$55 from C$54 at Scotiabank