TD Securities upgraded Enbridge Inc. to strong buy from hold on September 16, 2026. BMO Capital Markets raised its rating to outperform. National Bank Financial upgraded the shares to buy. ATB Cormark and Raymond James also increased their price targets for the energy infrastructure giant.
The upgrades follow a C$2.6 billion common share offering that could dilute existing shareholders. Analysts maintain a consensus rating of Moderate Buy for the company. The consensus price target currently sits at C$77.62.
Enbridge shares opened higher at C$67.40 following the analyst revisions. The upgrades signal growing conviction in the company’s valuation and performance outlook.