Raymond James cuts target for Enbridge stock from C$80 to C$79

Published on 10/16/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached CAD 29.32 billion. Enbridge stock costs EUR 41.70 on October 16, 2026; net income was CAD 1.57 billion in Q2.

Investor reference points

Raymond James cut its Enbridge target from C$80 to C$79 on October 14, 2026.
Second-quarter revenue reached CAD 29.32 billion in 2026.
Enbridge stock traded at EUR 41.70 at 10:07 a.m. CEST at Lang & Schwarz on October 16, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge stock (ISIN CA29250N1050) was trading at EUR 41.70 at Lang & Schwarz on October 16, 2026 at 10:07 a.m. CEST. The latest analyst move came from Raymond James, which cut its target from C$80 to C$79 on October 14, 2026, while maintaining a Market Perform rating, Markets Insider reported.

Results support the income case

Enbridge reported CAD 29.32 billion in revenue and CAD 1.57 billion in consolidated net income for the second quarter of 2026. Basic earnings per share were CAD 0.64 for the same period. These figures give the target revision a concrete operating backdrop, even though the analyst move itself was cautious.

The company also generated CAD 4.11 billion in cash from operating activities during the second quarter of 2026. Enbridge's investor-relations page identifies the figures as unaudited and reported in Canadian dollars, Enbridge states.

Three dated developments

On September 9, 2026, Enbridge entered an agreement to acquire Tallgrass Energy's crude transportation business for USD 2.6 billion, according to Simply Wall St. On October 5, 2026, Enbridge scheduled its third-quarter results webcast for November 6, 2026, with the release planned before markets open, Enbridge announced. On October 14, 2026, Raymond James lowered its target from C$80 to C$79.

What date comes next?

The next scheduled company event is the third-quarter 2026 results webcast on November 6, 2026. Enbridge said the call will begin at 9 a.m. ET and will include prepared remarks followed by analyst and investor questions, Enbridge said.

Stock context for investors

Enbridge is an energy infrastructure company spanning liquids pipelines, gas transmission, gas distribution and storage, and renewable power generation. Its primary Canadian listing is on the TSX, while the company also trades on the NYSE. The structured market quote for October 15, 2026 showed USD 46.83 and a market capitalization of USD 104.4 billion; the 52-week range was USD 45.03 to USD 58.45.

The latest price-target change therefore points to a measured reassessment rather than a change in Enbridge's operating profile. Revenue, net income and operating cash flow from the second quarter remain the key figures before the November reporting date.

Trading level in euros

At Lang & Schwarz, Enbridge stock was trading at EUR 41.70 on October 16, 2026 at 10:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.