TC Energy price target raised to C$101 from C$93 at Morgan Stanley

Morgan Stanley raised the firm’s price target on TC Energy (TRP) to C$101 from C$93 and keeps an Overweight rating on the shares. In the firm’s midstream and renewable energy infrastructure weekly update, the analyst argues that while midstream has received attention relative to higher torque energy subsectors since the start of the Iran war, investors have “started to sharpen their pencils on potential midstream estimate revisions.”