Scotiabank Analyst Upgrades Enbridge to Outperform, Sees Bright Outlook for Midstream Energy

Friday, Jan 16, 2026 8:18 am ET1min read
ENB--

Scotiabank analyst Robert Hope upgrades Enbridge to outperform, citing a brightening outlook for midstream energy. He forecasts a 5-6% EBITDA CAGR for North American pipelines from 2026-2028, driven by strong power demand and LNG exports. The analyst also sees an upward bias to his estimates and raises target prices for Canadian and US names.

Scotiabank Analyst Upgrades Enbridge to Outperform, Sees Bright Outlook for Midstream Energy

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