TC Energy price target raised to C$93 from C$92 at Morgan Stanley

Morgan Stanley raised the firm’s price target on TC Energy (TRP) to C$93 from C$92 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. Morgan Stanley notes the earnings season started with strong results and the energy sector had led performance in the S&P given strength across commodity prices.