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Barclays Maintains a Hold on Enbridge (ENB)
Yahoo Financeยท 2025-09-11 16:49
Core Insights - Enbridge Inc. is highlighted as a strong growth stock under $50, with a Hold rating from Barclays analyst Theresa Chen and a price target of C$65.00 [1] Group 1: Investment Decisions - Enbridge announced a final investment decision on two Gas Transmission projects, including a commercial agreement for the Algonquin Reliable Affordable Resilient Enhancement project, which is expected to increase deliveries on the Algonquin Gas Transmission pipeline to existing Local Distribution Company customers in the U.S. Northeast [2] - The company also made a final investment decision on the Eiger Express Pipeline through its Matterhorn joint venture, which will have a capacity of up to 2.5 billion cubic feet per day (Bcf/d) from the Permian Basin to the Katy area, targeting the growing U.S. Gulf Coast LNG market [3] Group 2: Company Overview - Enbridge operates in multiple segments, including Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services [3]