The Globe and Mail reports in its Tuesday edition that RBC Dominion Securities analyst Maurice Choy has reaffirmed his "outperform" recommendation for Enbridge. The Globe's David Leeder writes that Mr. Choy raised his share target by $5 to $72. Analysts on average target the shares at $68.83. Mr. Choy says in a note: "Besides delivering another set of financial results that reinforces the company's communicated growth outlooks, we like how the projects sanctioned during Q3/25 highlight the breadth and depth of Enbridge's backlog of opportunities, as well as management's disciplined approach of allocating capital to projects with competitive risk-adjusted returns. Ahead, investors should expect incremental brownfield opportunities to be unveiled and support Enbridge's low-risk 5-per-cent growth through the end of the decade (with dividends rising up to its cash flow growth rate), including the sanctioning of MLO1, which appears forthcoming, backed by the energy industry's cautious, but rising, optimism." Mr. Choy argues that investors should not overlook the Calgary-based company's secured capital program, which has risen to $35-billion with the recent addition of $3-billion of new projects, as well as "discipline."