19:41:39 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,022,761,266
Close 2023-05-17 C$ 54.40
Market Cap C$ 55,638,212,870
Recent Sedar Documents

Globe says Kuske maintains TC Energy at "neutral"

2023-05-17 07:28 ET - In the News

The Globe and Mail reports in its Wednesday, May 17, edition that Credit Suisse analyst Andrew Kuske has reaffirmed his "neutral" recommendation for TC Energy. The Globe's David Leeder writes that Mr. Kuske gave his share target a 50-cent boost to $60. Analysts on average target the shares at $61.18. Mr. Kuske says in a note: "Following TC Energy's Q1 2023 print that beat the Street's along with our views, the company is on a path to regaining market confidence. That rerating path is interesting as the stock looks relatively inexpensive -- often greater than by one standard deviation on a 10-year basis of calculation. With the passage of time, the plan delivering and the rekindling of higher quality executable growth will also help restore confidence with a potential rerating amplification. TC Energy looks very well positioned for ongoing growth across the asset base with key competitive advantages across multiple natural gas basins and other parts of the asset network. The renewed focus on the balance sheet (with some accelerated sales), the longer-term sustainability of capital growth combined with dividend growth that should eventually translate into a self-funding model with (over time) rerate potential."

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