Weekly Analysts’ Ratings Changes for TC Energy (TRP)

Several analysts have recently updated their ratings and price targets for TC Energy (TSE: TRP):

• 9/22/2026 – TC Energy was given a new C$105.00 price target by Scotiabank. They now have a “sector outperform” rating on the stock.
• 9/15/2026 – TC Energy was upgraded by TD from “hold” to “buy”. They now have a C$102.00 price target on the stock.
• 9/14/2026 – TC Energy was upgraded by TD Securities from “hold” to “strong-buy”.
• 9/11/2026 – TC Energy was upgraded by Royal Bank Of Canada to “moderate buy”.
• 9/1/2026 – TC Energy was upgraded by Jefferies Financial Group Inc. from “hold” to “buy”. They now have a C$102.00 price target on the stock, up from C$100.00.
• 8/20/2026 – TC Energy was upgraded by US Capital Advisors from “hold” to “moderate buy”.
• 7/31/2026 – TC Energy had its price target raised by TD from C$100.00 to C$102.00. They now have a “hold” rating on the stock.
• 7/31/2026 – TC Energy had its price target raised by Royal Bank Of Canada from C$104.00 to C$106.00. They now have an “outperform” rating on the stock.
• 7/31/2026 – TC Energy had its price target raised by ATB Cormark Capital Markets from C$98.00 to C$100.00. They now have a “sector perform” rating on the stock.
• 7/31/2026 – TC Energy had its price target raised by National Bank Financial from C$102.00 to C$103.00. They now have an “outperform” rating on the stock.
• 7/31/2026 – TC Energy had its price target raised by BMO Capital Markets from C$94.00 to C$99.00. They now have an “outperform” rating on the stock.
• 7/31/2026 – TC Energy had its price target raised by Barclays PLC from C$100.00 to C$102.00. They now have an “overweight” rating on the stock.

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.