The Globe and Mail reports in its Wednesday, Sept. 16, edition that TD Cowen analyst Aaron MacNeil has hiked TC Energy to "buy" from "hold," with an unchanged $102 share target. The Globe's David Leeder writes that Analysts on average target the shares at $103.03. Mr. MacNeil thinks the recent 16-per-cent pullback in TC Energy shares has created "an attractive entry point." Mr. MacNeil says in a note: "Opportunity conversion remains the key catalyst, and we view Q3/26 results as a potential inflection point, given the possibility of project sanctions, NGTL updates, and other backlog additions. ... Although permitting delays and moratoriums may slow project conversion, we believe the breadth of TC Energy's opportunity set, utility customer exposure and continued growth in power demand support long-term opportunity realization. Although recent reporting has focused on tension between TC, shippers and policy-makers, we believe the key issue is whether a revised framework can provide returns sufficient to attract capital toward roughly 2 Bcf/d of additional growth opportunities beyond the currently approved multiyear growth plan. We remain optimistic that this outcome can be achieved, potentially as early as Q3/26 results."