BMO Capital Maintains Market Perform on Enbridge, Lowers Price Target to C$54
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Ben Pham has maintained a 'Market Perform' rating on Enbridge (TSX:ENB) but lowered the price target from C$55 to C$54.
August 07, 2023 | 12:33 pm
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Enbridge's price target has been lowered from C$55 to C$54 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a slightly less optimistic outlook for Enbridge's stock in the short term. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, indicating a neutral to slightly negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100