10:29 AM EST, 03/05/2025 (MT Newswires) -- Enbridge ( ENB ) maintained its stock ratings and price targets at RBC Capital Markets and National Bank of Canada, according to notes published Tuesday.

Enbridge ( ENB ) kept its Outperform rating and C$67 price target at RBC following its Investor Day, where the company outlined the value of having a diversified portfolio of critical infrastructure assets (e.g., geography, commodity) with a high percentage of cash flows, underpinned by cost of service arrangements or long-term contracts, amid tariff-related uncertainty.

"These characteristics and its disciplined capital allocation approach mean it remains positioned to capture the visible growth it sees for all four of its core franchises through the end of the decade (if not beyond), and deliver sustainable earnings/cash flow and dividend growth to investors," RBC said.

Meanwhile, ENB retained its Sector Perform rating and $63 price target at National Bank of Canada.

National Bank said the price target was based on a risk-adjusted dividend yield of 6.0% applied to its estimated 2026 dividend of $3.88 per share, a 13.5x multiple of its 2026 Free-EBITDA and discounted cash flow valuation of $61.75 per share.

The bank noted the modest bump to its discounted cash flow valuation for Enbridge ( ENB ) on the back of its longer-term secured growth projects.

National Bank also recommended adding to a position below its $60 per share valuation on any tariff-related market volatility.

Enbridge ( ENB ) was trading 0.8% higher at last look Wednesday to $60.61 on the TSX.

Price: 60.56, Change: +0.42, Percent Change: +0.70