TC Energy price target raised to C$74 from C$71 at RBC Capital

RBC Capital raised the firm’s price target on TC Energy (TRP) to C$74 from C$71 and keeps an Outperform rating on the shares after its Q4 results. The company’s weaker-than-expected 2025 EPS guidance and the lack of new growth announcements likely weighed on the stock’s sentiment, but investors can look forward to favorable updates in the coming quarters that not only should position the company to extend its 5%-7% EBITDA CAGR beyond 2027 but also derisk its business, the analyst tells investors in a research note.