RE:CIBC upgrade $58 CADReasonable price target, and would put ENB a little above what it was in March 2020.
Quin wrote:""Our Thoughts Heading Into The CER Decision Our Conclusion While the Canadian Mainline Contracting application is one of the most significant tolling matters the Canada Energy Regulator (CER) has considered in almost a decade, we believe the range of potential outcomes for the company is narrower than many investors realize. On that basis, we believe investors can take advantage of the recent selloff and buy Enbridge stock despite the uncertainty, as we think the risk from the CER decision may be partly offset by the possibility of share repurchases being announced at Enbridge’s investor day on December 7. We reiterate our Outperformer rating and $58 DCF-based price target."