RBC Capital Maintains Outperform on Enbridge, Lowers Price Target to C$55
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Maurice Choy has maintained an 'Outperform' rating on Enbridge (TSX:ENB), but lowered the price target from C$60 to C$55.
November 06, 2023 | 4:43 pm
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NEUTRAL IMPACT
Enbridge's price target has been lowered from C$60 to C$55 by RBC Capital, though the 'Outperform' rating is maintained.
The news of a lowered price target could potentially have a negative impact on investor sentiment, leading to a short-term decrease in 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 any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100