Citi initiated coverage of Enbridge (ENB) with a Buy rating and C$75 price target The company “uniquely offers investors a “one-stop-shop” to benefit from global energy growth in all forms due to its diversified liquids, gas, and renewables platform, the analyst tells investors in a research note. The firm says Enbridge has outpaced global energy demand by 400 basis points, which should continue. Enbridge’s earnings and stock volatility are among the lowest in midstream, and this will drive “greater return per unit of risk,” contends Citi.
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Read More on ENB:
- MPLX, Enbridge partner with Targa on Traverse Pipeline final investment decision
- Enbridge announces Steven Williams as Chair of the Board, effective May 7
- Enbridge price target raised to C$67 from C$66 at CIBC
- Enbridge still sees adjusted EPS growth of 4%-6% through 2026
- Largest borrow rate increases among liquid names
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