Enbridge price target raised to C$73 from C$67 at Raymond James

Raymond James raised the firm’s price target on Enbridge (ENB) to C$73 from C$67 and keeps an Outperform rating on the shares. Similar to Q4, there are high expectations in Q1given constructive seasonality, and while things started out the year “wobbly,” they should end up “fine,” the analyst tells investors in a research note. Trump’s tariffs and OPEC are pressuring equities markets, but the firm notes that the main points as it relates to midstream are around project cost inflation risks, which are partially mitigated for now, or disruption to demand in the exports markets, and Raymond James remains hopeful that the LNG market is an area where the U.S. could see some “wins.”