TransCanada downgraded at Morgan Stanley on capital inefficiencies


TransCanada (TRP +0.2%) is downgraded to Neutral from Outperform with a $58 price target at Credit Suisse, which sees poor risk-reward going into quarterly results due to declines in selected forward power markets and TRP's plan to gradually improve capital efficiencies.

Credit Suisse sees a slow procession toward improved capital efficiency, which is causing the firm to put a lower probability on more radical restructuring.

Nevertheless, the downgrade highlighted TRP's asset base as well positioned to take advantage of investment themes surrounding the Alberta oil sands, west coast LNG and low-cost generation exposure in tight power markets.

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Comments (4)
  • Ruffdog
    , contributor
    Comments (3418) | Send Message
     
    Stock a 51, target is 58 and that is a downgrade. Got to love these ??? at Credit Suisse.
    28 Jul 2014, 03:04 PM Reply Like
  • bobby44
    , contributor
    Comments (488) | Send Message
     
    Agreed ruffy. Will not be unloading any time soon.
    28 Jul 2014, 03:36 PM Reply Like
  • luvmystocks
    , contributor
    Comments (2) | Send Message
     
    Stock is going great! As well as a great dividend! Have a strong position and will not be selling soon
    29 Jul 2014, 09:14 PM Reply Like
  • dunnhaupt
    , contributor
    Comments (2166) | Send Message
     
    Earnings were due at 9:30 on July 31. So what happened? Nobody knows.
    Stony silence. Not a good sign. If a company delays its earnings report it should make an announcement.
    31 Jul 2014, 10:24 AM Reply Like
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