CIBC Maintains Outperformer Rating for Enbridge: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
CIBC has maintained its Outperformer rating for Enbridge (NYSE:ENB) and raised its price target from $63.00 to $64.00. Enbridge's shares are currently trading up 1.07% at $33.90 per share. A move to $64.00 would represent an 88.79% increase from the current share price.
September 11, 2023 | 5:00 pm
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CIBC has maintained its Outperformer rating for Enbridge and raised its price target. This could potentially lead to an increase in Enbridge's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and trading behavior. In this case, CIBC's decision to maintain its Outperformer rating and raise its price target for Enbridge could potentially lead to increased investor interest and a rise in the stock's price.
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