RBC Capital Maintains Outperform on Enbridge, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Robert Kwan has maintained an 'Outperform' rating on Enbridge (NYSE:ENB) but lowered the price target from C$65 to C$60.
August 07, 2023 | 4:34 pm
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Enbridge's price target has been lowered from C$65 to C$60 by RBC Capital, though the 'Outperform' rating is maintained.
The news of a lowered price target could potentially lead to a short-term negative sentiment among investors, causing a slight dip in the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential for the stock to perform well in the market, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100