CIBC analyst Robert Catellier upgraded TC Energy (TRP) to Outperformer from Neutral with a price target of C$78, up from C$77, following the company’s “in-line” Q3 earnings report. The firm noted that TC Energy confirmed FY25 guidance and extended its three-year outlook to 2028. CIBC concluded that TC Energy has “a robust set of opportunities through the end of the decade, combined with the company’s continued project execution,” and believes TC Energy has “potential upside to its medium-term targets.”
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