0959 ET - TC Energy's quarterly results at first blush appear positive, with adjusted Ebitda of C$2.8 billion in line with expectations and full-year guidance toward the high end of what had been forecast, says Jefferies' Anthony Linton. TC Energy's SE Gateway project in Mexico also remains on track, with expected capital spending moving lower, which the analyst says reflects solid project execution. Following the results, the focus shifts next to its day with investors where shareholders will concentrate on the near and mid-term growth outlook. Jefferies has a hold call and C$60 target on the shares, which were last at C$68.22. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 10:00 ET (15:00 GMT)
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