Jefferies Highlights Enbridge's (ENB) Pipeline Strengths and Growth Potential

Enbridge Inc. (NYSE:ENB) ranks among the best performing energy stocks to buy now. On July 23, Jefferies raised its price target for Enbridge Inc. (NYSE:ENB) from C$65 to C$72, upgrading the stock from Hold to Buy. Jefferies noted Enbridge’s “widest opportunity set across both oil and gas pipelines,” which gives the company a great deal of flexibility to explore a range of projects and boosts confidence in its EBITDA growth potential.

According to Jefferies, Enbridge’s primary assets that put the company in a favorable competitive position include its ownership of the TETCO pipeline system, its leading role in the transportation of crude oil in Canada, and its growing presence in the Permian Basin.

Despite admitting that “the magnitude of the gap isn’t incredibly wide,” Jefferies stated it favors Enbridge Inc. (NYSE:ENB) due to its stronger screening across a number of key metrics.

Enbridge Inc. (NYSE:ENB) is a midstream energy company that specializes in the distribution and transportation of natural gas, oil, and natural gas liquids.

While we acknowledge the potential of ENB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.