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TC Energy upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs upgraded TC Energy (TRP) to Neutral from Sell with a $62 price target The firm says the company has successfully transitioned into a pure-play natural gas and power infrastructure company following the South Bow liquids spin-off. TC now offers a “utility-like risk profile” that is increasingly attractive in a volatile macro environment, the analyst tells investors in a research note.

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