RBC - Outperform Rating $61 Target Price 1:39 AM EST, 11/08/2021 (MT Newswires) -- RBC Capital Markets on Monday reiterated its outperform rating on the shares of Enbridge (ENB.TO) and raised its price target to C$61.00 from C$57.00 following the release of the pipeline and power company's third-quarter results.
"After delivering in-line Q3/21 results and a reiteration of its 2021 guidance, Enbridge's conference call balanced its year-to-date accomplishments, the outlook for both near-term and long-term growth opportunities, directional thoughts on 2022 ahead of the formal guidance release, and the thought process as it relates to capital allocation decisions," the investment bank noted.