0716 ET - RBC Capital Markets remains positive on Enbridge as a large-cap defensive stock amid macreconomic uncertainty. The energy-infrastructure company's 1Q results highlight why the shares deserve their recent outperformance at a time when the broader energy industry may face the fallout from global trade policy and low commodity prices. Enbridge continues to execute on its growth strategy and its solid 1Q results support the company's affirmed near-term outlook, says RBC. It has an outperform call and C$67 target on the stock, which last closed at C$64.30. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 07:17 ET (11:17 GMT)
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