03:30 PM EDT, 05/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of USD44, raised USD4, reflects an 11.5x multiple of enterprise value to projected 2026 EBITDA, in line with TRP's historical forward average. We cut our 2025 EPS estimate by CAD0.10 to CAD3.62 and 2026's by CAD0.08 to CAD3.92. Our Sell opinion is on valuation, with shares trading almost 10% above their historical forward average. Operationally, TRP is faring well, with project execution a notable strong point, as current major projects are tracking approximately 15% below budget. Q1 natural gas pipeline volumes were higher Y/Y in Canada (+5.2%), the U.S. (+4.7%), and Mexico (+8.9%). The company announced CAD2.4B in new growth projects focused on natural gas and nuclear energy, while maintaining its 2025 comparable EBITDA guidance range of CAD10.7B-CAD10.9B. Management expects to place CAD8.5B worth of new projects into service in 2025. Shares yield 4.8%