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Analyst Actions: Desjardins Raises Enbridge Price Target to $31

Desjardins Securities Inc. analyst Pierre Lacroix said in a research note today that Enbridge Inc.'s (ENB.TO) plans to build a twin pipeline in Alberta along the route of its existing Athabasca pipeline could generate 8 cents per share in additional earnings once fully operational in 2015, the Globe and Mail reported.

Mr. Lacroix noted, however, that investors should not accumulate more shares as they trade at a premium to other large-cap Canadian energy infrastructure firms.

Desjardins Securities raised the price target by 75 cents to $31.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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