The Globe and Mail reports in its Wednesday, Aug. 9, edition that RBC Capital Markets analyst Robert Kwan continues to rate Enbridge "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan's share target fell by $5 to $60. Analysts on average target the shares at $58. Mr. Kwan says in a note: "We see an opportunity for Enbridge to attract increased investor interest due to its capital allocation framework that features leverage that is currently at the low-end of its 4.5 to five times debt/EBITDA target range and free cash flow generation. While we acknowledge uncertainty with respect to mainline financial performance under the new tolling agreement as well as the volume outlook in 2024 following the start-up of the Trans Mountain expansion, rebasing of EBITDA is already included in our 2024 forecast." The Globe reported on Feb. 9 that Credit Suisse analyst Andrew Kuske had cut Enbridge to "underperform." It was then worth $52.90. The Globe reported on March 30 that Mr. Kuske upgraded his recommendation for Enbridge to "neutral" from "underperform." The shares could then be had for $51.52.