14:58:57 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,022,660,553
Close 2023-08-15 C$ 46.86
Market Cap C$ 94,781,873,514
Recent Sedar Documents

Globe says Kuske keeping Enbridge at "neutral"

2023-08-16 08:00 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 16, edition that Credit Suisse analyst Andrew Kuske is sticking with his "neutral" call on Enbridge. The Globe's David Leeder writes in the Eye On Equities column Mr. Kuske lowered his share target by $2 to $52. Analysts on average target the shares at $57.28. Mr. Kuske says in a note: "Enbridge reported results on August 4 that generally beat expectations with an underlying strength and resiliency across the franchise. Unlike a few other energy infrastructure companies, Enbridge tends to face far fewer existential issues and is focused on core network growth across the franchise. Very simply, the large scale of Enbridge's network provides relatively low-risk compounding potential -- albeit a widening divide exists in the growth rates of the two major businesses lines (i.e. liquids and natural gas related activities). Moreover, Enbridge avoided much of the near-term volumetric issues mostly faced by Western Canadian exposed regional names given wildfire impacts. From our view, that relatively clean and low-risk print is positive, however, the growth-risk-valuation trinity is a natural debate versus both major peer groups."

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