The Globe and Mail reports in its Tuesday, Nov. 7, edition that RBC Dominion Securities analyst Robert Kwan has reaffirmed his "outperform" recommendation for Enbridge. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan cut his share target back by $5 to $55. Analysts on average target the shares at $53.23. Mr. Kwan says investors continue to await clarity on Enbridge's plans to pay for its $9.4-billion (U.S.) acquisition of three U.S. utilities from Dominion Energy. Mr. Kwan sees "lots of options" available, emphasizing that "the key will be minimizing common equity and keeping leverage in check." Mr. Kwan says in a note: "Since the transaction announcement in September, the company has prefunded approximately $8.3-billion of the $12.8-billion cash consideration through the issuance of roughly $4.6-billion of common shares, $2-billion (U.S.) of hybrid subordinated notes in the U.S., as well as $1-billion of hybrid subordinated notes in Canada. Multiple options available to obtain the remaining capital. On the conference call, Enbridge discussed how it prioritizes its options for the roughly $4.5-billion of remaining funding."