The Globe and Mail reports in its Tuesday, Feb. 13, edition that RBC analyst Robert Kwan has reaffirmed his "outperform" recommendation for Enbridge. The Globe's David Leeder writes that Mr. Kwan lowered his share target to $54 from $53. Analysts on average target the shares at $53.52. Mr. Kwan says in a note: "Enbridge's base business is showing continued strength, evidenced by the successful open seasons. Enbridge announced that it concluded a fully-subscribed open season for 110,000 barrels per day of capacity on its Flanagan South pipeline (FSP), which now results in about 90 per cent of the pipeline's 720,000 b/d capacity being contracted. We expect the increased contracting should help pull volumes down the Mainline given the take-or-pay nature of the new FSP contracts. Enbridge also noted that it concluded an oversubscribed binding open season for 165,000 b/d of capacity becoming available on July 1, 2025, for its Southern Lights condensate pipeline. Looking ahead to the March 6 Investor Day, we expect the company to reiterate its low-risk business model, the strategic positioning of its existing asset base, numerous growth prospects across all of its business lines, and its approach to capital allocation."