The Globe and Mail reports in its Thursday, Sept. 14, edition that Credit Suisse analyst Andrew Kuske has reaffirmed his "neutral" recommendation for Enbridge. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kuske chopped his share target back by a loonie to $51. Analysts on average target the shares at $55.99. Mr. Kuske adjusted his share target following Enbridge's move to buy three U.S. utilities. Mr. Kuske says in a note: "Simply, post-deal share price performance is positive for the $4.6-billion gross equity value at a $44.70 per share price (approximately 7-per-cent discount) with the most recent close at $46.29 per share. We view three near-term issues as being predominate: (a) the timing of deal close in 2024 for the minimization of the funding drag; (b) timing along with the actions necessary to reduce the current funding gap at close (hybrids, asset recycling, cash generation, etc.); and, (c) the achieved accretion in 2025 (first full year post close). Even on a more near-term basis, an index upweight should aid trading performance. Over the longer-term, the transaction supports Enbridge's continued pivot toward lower carbon activities along with a broader asset network."