The Globe and Mail reports in its Friday, April 4, edition that Citi analyst Spiro Dounis began coverage on Enbridge with a "buy" recommendation and a $75 share target. The current average is $64.65. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $64.55. Mr. Dounis says in a note: "Enbridge uniquely offers investors a one-stop-shop to benefit from global energy growth in all forms due to its diversified liquids, gas, and renewables platform which is expected to fuel more than 70 per cent of energy demand. In fact, Enbridge has outpaced global energy demand by 400bps, something we expect to continue. Secular tailwinds in natural gas and power underwrite 80 per cent of ENB s capital backlog and drive 90 per cent of near-term growth. Enbridge's liquids business is critical to funding this growth, driving more than 70 per cent of its FCF generation relative to its 50-per-cent EBITDA contribution. Not only do investors not have to choose which fuel wins the future, but Enbridge also provides a low-risk option. In fact, Enbridge's earnings and stock volatility are among the lowest in midstream. Thus, we believe Enbridge offers greater return per unit of risk."