Goldman Sachs Reinstates Sell on TC Energy, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst John Mackay has reinstated TC Energy (NYSE:TRP) with a Sell rating and announced a $28 price target.
October 06, 2023 | 10:37 am
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Goldman Sachs has reinstated TC Energy with a Sell rating and a $28 price target, which could potentially lead to a decrease in the company's stock price.
Analyst ratings often influence the market's perception of a company. In this case, Goldman Sachs, a highly influential financial institution, has reinstated a Sell rating on TC Energy. This suggests that they believe the company's stock is overvalued at its current price, which could lead to a decrease in the stock price. The $28 price target also indicates that they believe the stock is worth less than its current market price.
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