TC Energy price target raised to $53 from $48 at Goldman Sachs

Goldman Sachs raised the firm’s price target on TC Energy (TRP) to $53 from $48 and keeps a Sell rating on the shares. Results in the quarter were slightly stronger than expected, and management reiterated the FY26 EBITDA guide of C$11.6B-C$11.8B, the analyst tells investors in a research note. While there is the potential for an uptick in project announcements in the coming quarters, the firm’s estimates already underwrite 5%+ EBITDA growth through 2030 fully reflecting near-term growth catalyst, Goldman says.