CIBC Sticks to Their Buy Rating for TC Energy (TRP)
CIBC analyst Robert Catellier maintained a Buy rating on TC Energy today and set a price target of C$103.00.
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According to TipRanks, Catellier is a 5-star analyst with an average return of 10.6% and a 68.85% success rate. Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, Keyera Corp., and Enbridge.
In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $95.00 price target.
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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