TC Energy appoints two new independent directors

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CFRA Downgrades TC Energy (TRP) to Sell

November 11, 2024 12:35 PM EST

CFRA analyst Stewart Glickman downgraded TC Energy (NYSE: TRP) from Hold to Sell with a price target of $40.00 (from $45.00).

The analyst comments "Our 12-month target price of $40, cut $5, reflects a 13x multiple of enterprise value to projected 2025 EBITDA. The applied multiple is above... More