Barclays raised the firm’s price target on TC Energy (TRP) to C$92 from C$88 and keeps an Overweight rating on the shares. The firm says that despite continued growth in TC’s sanctioned and unsanctioned commercial backlogs, the earnings update raised questions on expected returns and the company’s earnings growth outlook.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRP:
- TC Energy Posts Strong Q1 2026 Results and Greenlights US$1.5 Billion Columbia Gas Expansion
- TC Energy Delivers Record Q1 2026 Volumes and Approves US$1.5 Billion Columbia Gas Expansion
- TC Energy’s TransCanada PipeLines Reports Strong 2.3x Earnings Coverage as of March 31, 2026
- TC Energy Kept at Hold as Analyst Cites Balanced Risk‑Reward, Execution Risks, and Lifts Price Target to $88
- TC Energy reports Q1 comparable EPS C$0.99 vs. C$0.95 last year