TC Energy price target raised to C$81 from C$76 at TD Securities

TD Securities raised the firm’s price target on TC Energy (TRP) to C$81 from C$76 and keeps a Buy rating on the shares. The firm views the company’s upcoming Q3 report as a potential positive catalyst for the shares. The business update will feature an extension of TC’s growth profile by at least one year to 2028 and potentially longer, the analyst tells investors in a research note. TD says the company is leveraged to U.S. power demand growth.