Company ValuationDespite raising the price target to C$45/sh, the analyst maintains an Underweight rating due to risks associated with LDC funding, TMX, and valuation.
Earnings MissFCF/share was C$0.40 versus the forecast of C$0.78, indicating a potential concern for the company's profitability.
Financial PerformanceGas Distribution Business to appeal OEB's negative decision, which could impact net income due to reduced capex.