What exactly did Wells Fargo change on February 16, 2026?

Wells Fargo maintained an Overweight rating on TRP and raised its price target to C$93 from C$80 on February 16, 2026, signaling sustained confidence while increasing implied upside.

Does a maintained Overweight equal an upgrade?

No. Maintained Overweight means the analyst kept a positive stance. It is not a formal upgrade or downgrade, though the raised price target increases the implied valuation.

How should investors use the TRP analyst rating in decisions?

Use the TRP analyst rating as one input alongside dividends, balance sheet strength, regulatory risk, and personal risk tolerance. Combine it with price targets before adjusting positions.

Where can I read the original analyst note and earnings details?

Wells Fargo’s price target change was reported via TheFly, and TC Energy’s Q4 2025 call transcript is available on Seeking Alpha; both links are cited in the article.

Analyst Ratings

Wells Fargo Maintains Overweight on TRP (TC Energy Corporation) Feb 2026 PT C$93

ByDanny Kontos February 17, 2026February 17, 2026

Wells Fargo maintained an Overweight rating on TC Energy Corporation (TRP) on February 16, 2026, and raised its price target to C$93 from C$80. The move is the single formal rating action this cycle and signals continued confidence from a major U.S. bank. The TRP analyst rating update pairs a maintained buy stance with a higher valuation, highlighting steady outlook for pipelines and regulated assets. Investors should note the price target lift alongside the maintained rating when sizing positions in TRP.