TC Energy price target raised to C$95 from C$92 at RBC Capital

RBC Capital raised the firm’s price target on TC Energy (TRP) to C$95 from C$92 and keeps an Outperform rating on the shares. The firm is citing in-line Q1 results and the reaffirmation of the company’s near-term guidance ranges, reinforcing its operational momentum, also noting that the core of TC Energy’s growth stock investment thesis remains solidly intact. the analyst tells investors in a research note. The Appalachia Supply Project sanctioning and the open season oversubscriptions at Crossroads and Columbus underscore TC Energy’s opportunity to capture power and data center-related demand in high-growth corridors, RBC added.