Morgan Stanley Bumps Up Enbridge Price Target By ~12%

• Enbridge Inc (TSX:ENB) (NYSE:ENB) price target has been raised to C$67 from C$60 by Morgan Stanley analyst Robert Kad.
• The analyst maintained the Equal Weight rating on the shares
• Kad is bullish on the midstream sector for the rest of 2022. He expects solid Q1 prints and constructive management outlooks, citing a favorable commodity backdrop.
• Last week Scotiabank analyst Robert Hope had raised ENB’s price target to C$62 from C$58 and maintained the Sector Perform rating on the shares.
• Price Action: ENB shares are trading lower by 0.08% at C$56.13 on TSX and lower by 0.79% at $43.80 on NYSE on the last check Tuesday.