Research Alert: CFRA Keeps Hold Opinion On Shares Of Enbridge Inc.
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CFRA maintains a Hold opinion on Enbridge Inc., raising the 12-month target price to USD59. The valuation combines a 12.5x multiple of projected 2027 EBITDA, yielding USD52 per share, and a DCF model suggesting an intrinsic value of USD66 per share. EPS estimates are adjusted, with 2026 at CAD2.90 and 2027 at CAD3.36. Enbridge has a CAD40 billion project backlog and anticipates placing CAD8 billion into service in 2026, with shares yielding 5.3%.
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