Barclays Maintains an 'Equalweight' on Enbridge (ENB); 3Q Beats; Positive Earnings Outlook

Barclays maintains an 'Equalweight' on Enbridge (NYSE: ENB) price target raised from CAD$32 to CAD$37.

Barclays analyst says, "We are raising our estimates and price target to $37 given the growing project backlog and the company's consistent track record of earnings growth. As the stock appears to be expensive compared to where it has historically traded vs. the TSX and Canadian high grade debt, we would highlight the growth rate for the company that has nearly doubled since the 2005-2008 period and our expectations for these levels to be upheld into the middle of the decade."

For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.

Shares of Enbridge closed at $34.70 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• L3Harris CEO steps down amid conduct review, shares drop
• The LGL Group (LGL) Misses Q2 EPS by 8c
• Seaport Global Securities Downgrades JetBlue Airways (JBLU) to Neutral