Citi starts Enbridge coverage with 'buy' rating on long-term growth potential

Brokerage Citi Research starts coverage of Canadian pipeline operator Enbridge ENB.N ENB.TO with "buy" rating and PT of $75

Brokerage says ENB offers a unique one-stop-shop to benefit from global energy growth in all forms, including natural gas and renewables

Brokerage expects co to grow 5% annually in the long-term, despite global energy demand only being slated to grow at 1% per year

Brokerage believes ENB has a C$50 billion opportunity set, representing five years of visible growth

ENB offers a low-risk option with low earnings volatility, making its risk/return trade-off strong, brokerage says

Seven out of 15 brokerages rate the stock "buy" or higher, 7 rate "hold", 1 rate "strong sell"; their median PT is CAD 62.29 ($43.80), as per data compiled by LSEG

As of last close, MTD stock up 21% in the past 12 months

($1 = 1.4220 Canadian dollars)