CIBC cut target for Enbridge stock to CAD 75.00

Published on 10/26/2026 at 16:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enbridge will report third-quarter results before markets open on November 6, 2026. Enbridge stock costs EUR 42.90 on October 26, 2026.

Analyst target and reporting date

CIBC cut its Enbridge target from CAD 79.00 to CAD 75.00 on October 22, 2026.
Enbridge reported USD 1.4 billion in second-quarter 2026 GAAP earnings attributable to common shareholders.
Enbridge stock costs EUR 42.90 at Lang & Schwarz on October 26, 2026 at 4:11 p.m. CET.
Third-quarter 2026 results are scheduled before markets open on November 6, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge (ISIN CA29250N1050) stock has a lower analyst target after CIBC cut its view from CAD 79.00 to CAD 75.00 on October 22, 2026, while retaining an Outperformer rating, as Markets Insider reported. At Lang & Schwarz, the stock was trading at EUR 42.90 on October 26, 2026 at 4:11 p.m. CET.

Target cut keeps rates in view

CIBC analyst Robert Catellier linked the lower target to higher long-term U.S. Treasury yields and discount rates in the firm's third-quarter earnings preview, according to Markets Insider. The rating remained Outperformer, so the change was a valuation adjustment rather than a reversal of the firm's stated stance.

Second-quarter earnings set the base

Enbridge reported USD 1.4 billion of GAAP earnings attributable to common shareholders, or USD 0.64 per share, for the second quarter of 2026, according to the company's Enbridge investment center. The company also described secured backlog of USD 41.0 billion in its July 31, 2026 results update, giving the upcoming report a clear infrastructure-investment angle.

Price position and valuation

The Lang & Schwarz quote places the stock at EUR 42.90 on October 26, 2026 at 4:11 p.m. CET. The primary-market quote was USD 48.09 on the New York Stock Exchange at 11:22 a.m. ET on October 26, 2026, with a market capitalization of USD 107.2 billion. Its USD 45.03 to USD 58.45 52-week range puts the stock 6.79 percent above its low and 17.73 percent below its high.

November 6 is the next date

Enbridge will announce third-quarter 2026 results before markets open on November 6, 2026, and will hold its webcast at 9:00 a.m. ET, according to the company's Enbridge release dated October 5, 2026. The scheduled release should provide the next test of earnings, guidance and the company's secured investment pipeline.

Stock enters the report window

The current quote, the lower CIBC target and the November reporting date frame the next decision point for investors. Enbridge was trading at EUR 42.90 at Lang & Schwarz on October 26, 2026 at 4:11 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.