RBC Capital analyst Maurice Choy initiates coverage on $TC Energy (TRP.US)$ with a buy rating, and sets the target price at $49.44.
According to TipRanks data, the analyst has a success rate of 55.8% and a total average return of 11.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $TC Energy (TRP.US)$'s main analysts recently are as follows:
The spinoff of TC Energy's Liquids Pipelines business into South Bow Corporation is seen to highlight the company's 'unique mix' of low-risk regulated or long-term contracted interstate and inter-provincial natural gas pipelines and power generation facilities. This is considered to hold appeal for a broad investor base.
The firm adjusted its perspective on TC Energy to account for the separation of its Liquids Pipelines business into South Bow Corporation, which is reflected in the revised expectations for the company's financial outlook.
Note:
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