CIBC Turns Bullish on Enbridge (ENB) After KKR-Apollo Deal
Enbridge Inc. (NYSE:ENB) received a boost on August 28 when CIBC upgraded the energy infrastructure company from ‘Neutral’ to ‘Sector Outperform’, while also lifting its price target from C$77 to C$78. The revised target indicates an upside of over 11% from the current levels. CIBC analyst Robert Catellier noted that Enbridge’s recent decision to form […]
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