The Globe and Mail reports in its Wednesday, Feb. 21, edition that RBC Dominion analyst Robert Kwan has reaffirmed his "outperform" recommendation for TC Energy. The Globe's David Leeder writes that Mr. Kwan boosted his share target by $5 to $59. Analysts on average target the shares at $54.86. Mr. Kwan says TC Energy "continues to build investor confidence coming out of what increasingly appears to be a low-point in August, 2023." Mr. Kwan says in a note: "While by no means out of the woods, execution of the Southeast Gateway pipeline (SGP) construction appears to be tracking well (in contrast to how Coastal Gaslink unfolded), and improving macro conditions bode well for the asset sale program. Relative to other Canadian energy infrastructure companies that face execution challenges, we believe TC Energy has one of the more favourable risk-reward profiles given its discounted P/E valuation, progress to-date on SGP construction, and relative deleveraging flexibility." The Globe reported on Feb. 3, 2023, and Aug. 1, 2023, that Mr. Kwan kept TC Energy at "outperform" when it could be had for $56.05 and $47.39. The Globe reported on Jan. 19, 2024, that Stifel rated TC Energy "buy." It was then worth $52.29.