Scotiabank Maintains Outperform on TC Energy, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Robert Hope has maintained an Outperform rating on TC Energy (NYSE:TRP) but lowered the price target from C$64 to C$55.
July 31, 2023 | 4:53 pm
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Scotiabank has maintained an Outperform rating on TC Energy but lowered the price target from C$64 to C$55.
The news is directly related to TC Energy. While the Outperform rating is maintained, the lowering of the price target might indicate a potential downside risk in the short term. However, the impact on the stock price is uncertain as the Outperform rating suggests that the stock might still outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100