TD Securities Reinstates Buy on TC Energy, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
TD Securities analyst Linda Ezergailis has reinstated TC Energy (NYSE:TRP) with a Buy rating, but lowered the price target from C$68 to C$62.
July 26, 2023 | 4:19 pm
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TD Securities has reinstated TC Energy with a Buy rating, but lowered the price target from C$68 to C$62.
The reinstatement of the Buy rating by TD Securities indicates a positive outlook for TC Energy. However, the lowering of the price target from C$68 to C$62 suggests that while the company is expected to perform well, it may not reach the previous target. This could lead to a short-term increase in the stock price due to the Buy rating, but a potential slowdown in the long-term growth due to the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100