The Globe and Mail reports in its Friday, Jan. 19, edition that Stifel analyst Cole Pereira commenced coverage of Enbridge with a "hold" recommendation, calling it "a stable sector leader." The Globe's David Leeder writes in the Eye On Equities column that Mr. Pereira targets Enbridge shares at $52. Analysts on average target the shares at $53.52. Mr. Pereira says in a note: "We highlight four key points for investors: (1) its leading oil transportation footprint, with a growing exposure to natural gas; (2) its attractive earnings quality with 98 per cent of EBITDA underpinned by contracts or cost-of-service frameworks; (3) line of sight for continued dividend growth, albeit at a slower rate than previous years and below its smaller peers; (4) its deserved premium valuation relative to peers. However, we see less room for its valuation to migrate higher in the near-term given its premium to peers and lower upside for ROIC and per-share growth." The Globe's guest columnist Gordon Pape said on Nov. 28 that there were better pipelines to own than Enbridge, which was then worth 46.37. The Globe reported on Jan. 5 that ATB Capital rated Enbridge "outperform." The shares could then be had for $49.05.