BMO Capital analyst Ben Pham upgraded TC Energy (TRP) to Outperform from Market Perform with a price target of C$83, up from C$73. The company’s Q3 report and new three-year outlook shows it has “successfully sustained a growth flywheel,” the analyst tells investors in a research note. BMO says TC is generating increasing returns that should result in a compounded positive benefit on the shares.
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Read More on TRP:
- TC Energy: Navigating Modest Q3 Miss with Stable Long-Term Guidance
- TC Energy Reports Strong Q3 and Updates Outlook
- TC Energy: Strong Growth Potential and Competitive Edge Justify Buy Rating
- TC Energy upgraded to Outperformer from Neutral at CIBC
- TC Energy: Hold Rating Maintained Amid Stable Performance and Moderate Growth Projections