智通财经网·2025-07-24 03:45Group 1 - Jefferies upgraded Enbridge (ENB.US) from "Hold" to "Buy" with a target price of 72 CAD, citing its extensive growth opportunities in the Canadian oil and gas pipeline sector [1] - The analyst team led by Sam Burwell emphasized Enbridge's dominant position in the Canadian crude oil market and its strategic assets, including the Texas Eastern Transmission pipeline and emerging positions in the Permian Basin, which enhance its EBITDA growth potential [1] - Enbridge demonstrated superior total return performance compared to TC Energy (TRP.US), with better key metrics, although the advantage is not particularly significant [1] Group 2 - Jefferies downgraded Pembina Pipeline Corporation (PBA.US) from "Buy" to "Hold" with a target price of 53 CAD, noting its broad positioning and scale advantages in natural gas processing, fractionation, and pipeline sectors, which provide medium to long-term growth potential in Western Canada [1] - The company faces substantial challenges, including rate disputes related to its Alliance pipeline and delays in the ethane supply project for Dow Chemical's cracking facility [1] - The resolution of the Alliance pipeline rate dispute is expected to eliminate significant uncertainty, but the extent of any rate reductions remains a key unknown factor [2]