The Globe and Mail reports in its Friday, Jan. 16, edition that Scotia Capital analyst Robert Hope has upgraded Enbridge to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hope gave his share target a $3 boost to $73. Analysts on average target the shares at $69.34. Mr. Hope says in a note: "We have been impressed with the number, quality and returns of projects that Enbridge continues to secure, which in 2025 tallied $12-billion. Looking forward we expect the company will continue to secure attractive projects with the majority relating to its natural gas pipeline and utility businesses. While the oil environment is expected to be volatile in 2026 (and beyond), we expect Enbridge's Mainline crude oil system will continue to operate at capacity even as it is further expanded. ... Out to 2028 we see very consistent 5- to 6-per-cent EBITDA growth driven largely be the incremental contribution from its $35-billion project backlog. Enbridge's 6-per-cent dividend yield is the second highest in the TSX 60, which could make it attractive to income oriented investors, and we expect the company will continue to increase its dividend 3 per cent per annum."