Goldman Sachs Starts TC Pipelines (TCP) at Sell

Goldman Sachs analyst Michael Lapides initiates coverage on TC Pipelines (NYSE: TCP) with a Sell rating and a price target of $23.00.

The analyst launches coverage on Diversified Pipelines and MLPs with an Attractive view citing total return potential of 13% on average, improving cash flows with EBITDA possibly rising to 12 % for C-Corps and 13% for MLPs from 2018 to 2021, continued benefits from simplification of corporate structures and continued tailwinds generated by rising US commodity production.

The analyst is negative on TCP citing consensus forecasting risks and limited capital allocation growth.

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

Shares of TC Pipelines closed at $30.98 yesterday.

You May Also Be Interested In

• Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
• Deutsche Bank Downgrades Workday (WDAY) to Hold
• Seaport Global Securities Downgrades JetBlue Airways (JBLU) to Neutral