RE:From RBCThanks for that .. Also > The following info is copied from TDWBDI = confirmation !!
10:16 AM EDT, 07/31/2023 (MT Newswires) -- RBC Capital Markets over the weekend cut TC Energy Corp. (TRP.TO)'s price target to $54.00 from $65.00 with an outperform rating.
RBC said TC's shares underperformed despite solid second-quarter results, an update on Coastal GasLink that confirmed budget and timing, and the reiteration of EBITDA guidance.
RBC attributed the stock price weakness to the market's reaction to the proposed spin-off of TC's liquids pipelines business.
Looking past the near-term volatility, RBC views the stock as inexpensive as it is trading at its lowest level in almost 20 years.
Price: 46.00, Change: +0.75, Percent Change: +1.66