Wells Fargo analyst Praneeth Satish maintains $TC Energy (TRP.US)$ with a buy rating, and adjusts the target price from $51.8 to $48.93.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 7.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $TC Energy (TRP.US)$'s main analysts recently are as follows:
Following the spinoff of TC Energy's Liquids Pipelines business into a separate entity, analysts note the company's distinct combination of low-risk regulated or long-term contracted interstate and inter-provincial natural gas pipelines and power generation facilities may be appealing to a broad investor base.
The assessment of TC Energy has been adjusted to account for the separation of the company's Liquids Pipelines business into a new entity, South Bow Corporation.
TC Energy's decision to spin off its Liquids business has been highlighted as a significant move. Post-spin, it is anticipated that TC Energy could attain the highest valuation multiple in the midstream sector due to its exclusive focus on gas pipelines and nuclear operations. An estimated 25% upside from current levels is projected based on a 12-times valuation multiple.
Note:
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