Jefferies Downgrades Enbridge to Hold, Raises Price Target to C$58
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Anthony Linton has downgraded Enbridge from Buy to Hold, while raising the price target from C$55 to C$58.
September 30, 2024 | 1:28 pm
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NEUTRAL IMPACT
Jefferies has downgraded Enbridge from Buy to Hold, indicating a more cautious outlook, but raised the price target to C$58, suggesting some potential for price appreciation.
The downgrade from Buy to Hold suggests a less bullish outlook, which could lead to a neutral short-term impact on the stock price. However, the raised price target indicates some potential for price appreciation, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100