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Enbridge Upgraded to Buy at TD

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Enbridge Inc. (ENB.TO) was upgraded to buy from hold at TD Securities on Tuesday.

Analyst Aaron MacNeil lowered his price target on shares of the Canadian pipeline and energy company to CA$81 from CA$82, resuming coverage following the acquisition of Tallgrass Energy's crude transportation business.

"We are upgrading Enbridge to buy based on a deep dive analysis of the Mainline, which we believe has been a drag on sentiment in recent months," MacNeil said in a note to clients.

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