Scotiabank analyst Robert Hope upgraded Enbridge (ENB) to Outperform from Sector Perform with a price target of C$73, up from C$70. The company secured $12B of projects in 2025 and should continue to land “attractive” deals in its natural gas pipeline and utility businesses, the analyst tells investors in a research note. Scotiabank expects Enbridge’s mainline crude oil system “will continue to operate at capacity even as it is further expanded.” The firm sees further share upside as the market gains confidence in Enbridge’s gas levered growth profile.
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