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Analysts raised TC Energy's price target amid strong earnings and industry growth, though stock closed down on low volume.
Scotiabank and Morgan Stanley raised TC Energy’s price target to C$93, citing strong fundamentals and industry tailwinds, while Royal Bank of Canada also increased its target to C$92.
The company reported Q4 earnings of C$0.98 per share on C$4.17 billion in revenue, with a 32.39% net margin and 17.25% return on equity.
TC Energy operates over 92,600 km of natural gas pipelines and 11 power facilities across North America.
The stock closed at C$84.87 on February 17, down C$1.65, with below-average volume.
Analysts expect full-year earnings of C$3.55 per share.
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Los analistas elevaron el precio objetivo de TC Energy en medio de fuertes ganancias y crecimiento de la industria, aunque las acciones cerraron con un volumen bajo.