National Bank Financial Inc Maintains Sector Perform on TransAlta Renewables, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Rupert Merer maintains a 'Sector Perform' rating on TransAlta Renewables (OTC:TRSWF) and lowers the price target from $13 to $12.5.
July 06, 2023 | 4:20 pm
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TransAlta Renewables' price target has been lowered from $13 to $12.5 by National Bank Financial, which maintains a 'Sector Perform' rating on the stock.
The lowering of the price target by a financial institution usually indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term. The 'Sector Perform' rating suggests that the analyst expects the stock to perform in line with the sector average, which does not indicate a strong bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100