Jefferies Lowers Enbridge Rating to Hold While Raising Price Target to C$76
Jefferies moved Enbridge Inc. (ENB) from Buy to Hold while increasing its price target to C$76.00 from C$71.00. The firm pointed to robust fourth-quarter EBITDA, progress on Venezuela projects and potential data center opportunities, but signaled that the stock's recent re-rating and relative valuation versus peers limit upside. Enbridge reported s…