CIBC Upgrades TC Energy (TRP) to Outperformer

TC Energy Corporation (NYSE:TRP) is one of the 8 Best Infrastructure Stocks to Buy with Highest Upside Potential.

On April 23, 2026, CIBC upgraded TC Energy Corporation (NYSE:TRP) to Outperformer from Neutral and raised its price target to C$89 from C$85 as part of its first-quarter energy infrastructure preview. The firm said Q1 could be an unusual period where market sentiment diverges from reported results due to the Iran conflict and its impact on commodity prices. CIBC added that the situation could drive long-term demand for North American infrastructure as customers look to reduce reliance on the Strait of Hormuz. The upgrade also reflected stronger expected returns from TC Energy’s recent projects.

On April 19, 2026, Goldman Sachs upgraded TC Energy Corporation (NYSE:TRP) to Neutral from Sell and assigned a $62 price target. The firm said TC Energy has successfully transitioned into a pure-play natural gas and power infrastructure company following the spin-off of South Bow. Goldman said the company now offers a more utility-like risk profile that looks increasingly attractive in a volatile macro environment.

CIBC Upgrades TC Energy (TRP) to Outperformer

Earlier in April, Morgan Stanley raised its price target on TC Energy Corporation (NYSE:TRP) to C$101 from C$93 while maintaining an Overweight rating. The firm said investors have started reassessing earnings estimates for midstream companies as the sector gains more attention amid heightened geopolitical tensions.

TC Energy Corporation (NYSE:TRP) operates natural gas, power, and energy infrastructure assets across Canada, the United States, and Mexico.

While we acknowledge the risk and potential of TRP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TRP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.