CIBC cuts target for Enbridge stock from CAD 79 to CAD 75

Published on 10/23/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CIBC lowered its target from CAD 79 to CAD 75 on October 22, 2026. The November 6, 2026 results put Enbridge stock against Q2 revenue of CAD 29.32 billion.

Target cut and reporting date

CIBC lowered its Enbridge target from CAD 79 to CAD 75 on October 22, 2026.
Second-quarter revenue reached CAD 29.32 billion, with earnings per share at CAD 0.64.
Enbridge stock was trading at EUR 43.11 at 11:07 a.m. CEST at Lang & Schwarz on October 23, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge Inc. (ISIN CA29250N1050) faces a lower analyst target after CIBC cut its view from CAD 79 to CAD 75 on October 22, 2026. Markets Insider reported that CIBC maintained an Outperformer rating while lowering the target ahead of Enbridge's third-quarter earnings preview.

Why the target was cut

The CIBC note linked the lower target to higher long-term U.S. Treasury yields and the resulting increase in discount rates. It also said restrictions on traffic through the Strait of Hormuz could support marketing income while increasing inflation risks, according to Markets Insider.

The latest reported quarter still provides a substantial operating base. Enbridge recorded second-quarter 2026 revenue of CAD 29.32 billion, while earnings per share reached CAD 0.64, according to Earnings Today.

Three capital and target dates

On September 9, 2026, Enbridge announced a CAD 2.6 billion bought-deal offering of common shares. On September 14, 2026, it announced the closing of a CAD 3.0 billion common-equity offering. On October 22, 2026, CIBC reduced its target from CAD 79 to CAD 75. The offering announcements appear in Enbridge Inc. news releases, while the target change was reported by Markets Insider.

What comes next for earnings?

Enbridge is scheduled to release its third-quarter 2026 results before markets open on November 6, 2026, with a webcast at 9:00 a.m. ET. The date was announced by MarketScreener. That release will give investors a fresh test of earnings after the second-quarter revenue and profit figures.

Stock price in euros

Enbridge stock was trading at EUR 43.11 at Lang & Schwarz on October 23, 2026 at 11:07 a.m. CEST. The primary listing is on the New York Stock Exchange, where the stock was last quoted at USD 48.01 on October 22, 2026.

The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.