TD Securities upgraded Enbridge Inc. from hold to strong buy on September 16, 2026. The company now maintains a consensus rating of moderate buy. Analysts established a consensus price target of C$77.62.
Bank of America acquired 7.03 million shares valued at approximately $380.9 million. This investment coincided with the analyst upgrade following a period of stock decline. Enbridge shares opened at C$67.40 on the day of the announcement.
Forbes identified the recent price pullback as a compelling buying opportunity. The analysis highlighted the company’s stable, fee-based business model. Enbridge currently offers a 5.6% dividend yield.
The company recently priced a C$2.6 billion bought-deal common share offering. This move aims to enhance financial flexibility for upcoming growth projects.