BMO Capital raised the firm’s price target on TC Energy (TRP) to C$73 from C$70 and keeps a Market Perform rating on the shares. Rising North American gas demand combined with TC’s “nimble” management and premium energy infrastructure assets have generated an attractive multi-year growth profile of 5%-7% that could extend until at least the end of the decade, the analyst tells investors in a research note. The firm believes there is upside to near- and long-term growth expectations on delivery to the target $6B-$7B net capex investment program.
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Read More on TRP:
- TC Energy price target raised to C$70 from C$66 at BMO Capital
- TC Energy price target raised to C$68 from C$67 at CIBC
- TC Energy price target raised to C$75 from C$74 at Scotiabank
- TC Energy price target raised to C$71 from C$70 at National Bank
- Target downgraded, Chewy upgraded: Wall Street’s top analyst calls
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
