RBC Capital Maintains Outperform on Enbridge, Lowers Price Target to C$54
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Maurice Choy maintains an Outperform rating on Enbridge (TSX:ENB) but lowers the price target from C$55 to C$54.

February 12, 2024 | 3:34 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Enbridge but lowers the price target from C$55 to C$54.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to a neutral short-term impact on Enbridge's stock as the market digests the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100