RBC Capital Markets maintained its outperform rating on the shares of TC Energy (TRP.TO, TEP) and its C$92.00 price target after hosting the pipeline and power company's management for meetings with investors.

"We hosted investor meetings with TC Energy, including representation by Francois Poirier (CEO), Sean O'Donnell (CFO), and Tina Faraca (COO, Natural Gas Pipelines). Key highlights relate to: (1) the key drivers of TC Energy's growth rate, any associated tailwinds, as well as the U.S. natural gas pipeline dynamics to support this; (2) the favourable trend in Canada that may see returns there be more competitive versus other TC Energy jurisdictions; and (3) the market's under-appreciation for Bruce Power," analyst Maurice Choy wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 88.76, Change: +1.16, Percent Change: +1.32