Post by
alhiemstra on Sep 15, 2021 11:05am
Huge Downgrade for TRP
2021-09-14 16:07:00 GMT DJ TC Energy Price Target Cut to C$63.00/Share From C$75.00
by Goldman Sachs
Anyone know why - hopefully ENB not next
Comment by
Quintessential1 on Sep 15, 2021 11:21am
They stated valuation and a lack of catalysts. KXL finally catching up with them. Enbridge does not have this problem.
Comment by
FiddyFiddyOddz on Sep 15, 2021 1:15pm
That's a 16 percent downgrade for TRP. The same downgrade applied to ENB would put it around 42 bucks. I really don't see that happening....
Comment by
FiddyFiddyOddz on Sep 15, 2021 4:15pm
Kind of a head scratcher that even after a massive downgrade today, TRP sill manages to go up more than ENB....
Comment by
TickerTwit on Sep 16, 2021 11:01am
Someone on the TRP bullboard might know. But the obvious reason is that the 'juicy" 12-month share price forecasts for both ENB and TRP have been stunningly wrong for years now and it looks like one investment house has woken up to it. .
Comment by
Joe455 on Sep 16, 2021 11:39am
Share price targets for most companies are nothing more than pie in the sky.