Goldman Sachs Maintains Sell on TC Energy, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst John Mackay has maintained a Sell rating on TC Energy (NYSE:TRP) but increased the price target from $29 to $32.

January 26, 2024 | 2:59 pm
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Goldman Sachs reaffirms Sell rating on TC Energy, but raises price target from $29 to $32, indicating a potential downside from current levels.
The reaffirmation of the Sell rating by Goldman Sachs suggests that the analyst believes the stock may not perform well in the near term. However, the increase in the price target could imply that the downside risk may be less severe than previously thought. This mixed signal might lead to short-term uncertainty among investors, potentially exerting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100