The Globe and Mail reports in its Friday, Sept. 5, edition that Citi analyst Spiro Dounis has reaffirmed his "neutral" recommendation and $75 share target for TC Energy. The Globe's David Leeder writes that analysts on average target the shares at $73.09. Mr. Dounis says in a note: "While TC Energy left the '27 EBITDA outlook unchanged, the '25 guidance upgrade and management commentary indicates this outlook is likely conservative. We believe it is also approaching a period of accelerated commercial activity in 2H25 and into '26, which could result in a growing backlog of high-return growth projects. Accordingly, we expect a '27 guidance upgrade, expanded outlook and commercialization to drive a positive reaction. TC Energy uniquely offers among the purest exposure to two of the fastest growing segments in the energy markets: natural gas and power. We expect these secular macro tailwinds to drive mid-single digit growth in the future. While these tailwinds are highly constructive for growth, elevated leverage and slightly slower growth than peers partially deflates. At a premium to peers we believe TC Energy is largely receiving credit for its peer leading low volatility and exposure to strong, multi-decade tailwinds."
© 2026 Canjex Publishing Ltd. All rights reserved.