TC PipeLines PT Raised to $53.00 (TCLP)
Equities researchers at RBC Capital upped their price objective on shares of TC PipeLines (NASDAQ:TCLP) from $51.00 to $53.00 in a research report issued on Wednesday, American Banking News.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential upside of 11.30% from the stock’s previous close.
TCLP has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of TC PipeLines from $49.00 to $54.00 in a research note on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of TC PipeLines to a “neutral” rating in a research note on Friday, March 28th. Finally, analysts at UBS AG raised their price target on shares of TC PipeLines from $50.00 to $51.00 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.67.
TC PipeLines, LP (NASDAQ:TCLP) is a limited partnership formed by TransCanada Corporation and its subsidiaries (TransCanada) to acquire, own and participate in the management of energy infrastructure businesses in North America.
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