There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Cargojet (CGJTF – Research Report) and TC Energy (TRP – Research Report) with bullish sentiments.
Cargojet (CGJTF)
Canaccord Genuity analyst Matthew Lee maintained a Buy rating on Cargojet today and set a price target of C$240.00. The company’s shares closed last Friday at $160.45.
Lee has an average return of
According to TipRanks.com, Lee is ranked #1031 out of 7706 analysts.
Currently, the analyst consensus on Cargojet is a Strong Buy with an average price target of $195.46, a 21.8% upside from current levels. In a report issued on October 22, TD Securities also maintained a Buy rating on the stock with a C$235.00 price target.
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TC Energy (TRP)
Credit Suisse analyst Andrew Kuske maintained a Buy rating on TC Energy today and set a price target of C$74.00. The company’s shares closed last Monday at $54.79, close to its 52-week high of $55.34.
According to TipRanks.com, Kuske is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TC Energy with a $55.65 average price target.
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