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RBC Capital Keeps Their Buy Rating on TC Energy (TRP)

Tipranks - Tipranks - Wed May 27, 6:20AM CDT

In a report released yesterday, Maurice Choy from RBC Capital maintained a Buy rating on TC Energy, with a price target of $95.00.

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Choy covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Infrastructure, and ATCO Ltd Cl I NV. According to TipRanks, Choy has an average return of 19.4% and an 82.48% success rate on recommended stocks.

TC Energy has an analyst consensus of Moderate Buy, with a price target consensus of $68.92.

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Based on TC Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$4.23 billion and a net profit of C$927 million. In comparison, last year the company earned a revenue of C$3.62 billion and had a net profit of C$1.01 billion

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