RBC Capital Maintains Outperform on TC Energy, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Maurice Choy has maintained an 'Outperform' rating on TC Energy (NYSE:TRP), but lowered the price target from $65 to $54.
July 31, 2023 | 4:52 pm
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NEGATIVE IMPACT
TC Energy's price target has been lowered from $65 to $54 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value in the short term. However, the maintained 'Outperform' rating suggests that the stock is still expected to perform better than others in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100