TransAlta shares are trading higher after CIBC maintained an Outperform rating on the stock and lowered its price target from C$16.5 to C$15.5
Portfolio Pulse from Benzinga Newsdesk
TransAlta shares are trading higher after CIBC maintained an Outperform rating on the stock and lowered its price target from C$16.5 to C$15.5.
July 24, 2024 | 7:33 pm
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POSITIVE IMPACT
TransAlta shares are trading higher after CIBC maintained an Outperform rating on the stock and lowered its price target from C$16.5 to C$15.5.
The Outperform rating by CIBC is a positive signal for investors, indicating confidence in the stock's future performance. Although the price target was lowered, the stock's upward movement suggests that the market views the rating as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100