CIBC downgrades TC Energy stock rating on valuation after rally

NodeGuardian · 2026-02-27T14:41:52+00:00

CIBC downgraded TC Energy Corp. to Neutral but raised its price target to C$85.00 after a 45.2% share increase. Despite strong performance, future investment decisions on $8 billion in projects are key for stock valuation.

NodeGuardian

2026-02-27 14:41:52

Abstract generation in progress

CIBC has downgraded TC Energy Corp. (NYSE:TRP) from Outperformer to Neutral while raising its price target to C$85.00 from C$81.00. This adjustment follows a significant 45.2% surge in the company’s shares over the past year, leading to a valuation-based rating change despite strong fourth-quarter results and an EBITDA beat. The firm noted that future final investment decisions on TC Energy’s $8 billion in pending projects will be the next key catalyst for its stock.

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