TD Securities Downgrades TC Energy to Hold, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
TD Securities has downgraded TC Energy (NYSE:TRP) from Buy to Hold and lowered the price target from $62 to $50. The downgrade was announced by analyst Linda Ezergailis.
July 28, 2023 | 5:14 pm
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TD Securities has downgraded TC Energy and lowered its price target, which could negatively impact the company's stock price in the short term.
Analyst ratings and price targets can significantly influence a company's stock price. The downgrade from Buy to Hold suggests that TD Securities sees less potential for growth in TC Energy's stock, which could discourage investors and drive down the stock price. The lowered price target further indicates a less optimistic outlook for the company.
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