CIBC Maintains Outperformer on TransAlta, Lowers Price Target to C$16
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Jarvi maintains an Outperformer rating on TransAlta (TSX:TA) but lowers the price target from C$18.5 to C$16.

April 19, 2024 | 6:30 pm
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NEUTRAL IMPACT
CIBC maintains an Outperformer rating on TransAlta but lowers the price target from C$18.5 to C$16.
The adjustment in price target by CIBC reflects a revised valuation perspective, potentially due to market conditions or company performance. However, maintaining an Outperformer rating indicates a positive outlook on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the positive rating and the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100