Morgan Stanley Bumps Up Enbridge Price Target By ~12%

April 26, 2022 3:22 PM | 1 min read | Make a Comment

Enbridge Inc ENB ENB price target has been raised to C$67 from C$60 by Morgan Stanley analyst Robert Kad.
The analyst maintained the Equal Weight rating on the shares
Kad is bullish on the midstream sector for the rest of 2022. He expects solid Q1 prints and constructive management outlooks, citing a favorable commodity backdrop.
Last week Scotiabank analyst Robert Hope had raised ENB’s price target to C$62 from C$58 and maintained the Sector Perform rating on the shares.
Price Action: ENB shares are trading lower by 0.08% at C$56.13 on TSX and lower by 0.79% at $43.80 on NYSE on the last check Tuesday.