CIBC Maintains Outperformer on Brookfield Renewable, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Jarvi has maintained an Outperformer rating on Brookfield Renewable (NYSE:BEP) and raised the price target from $33 to $34.
October 22, 2024 | 8:54 pm
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POSITIVE IMPACT
CIBC has reaffirmed its positive outlook on Brookfield Renewable by maintaining an Outperformer rating and slightly increasing the price target to $34, indicating confidence in the company's future performance.
The increase in price target from $33 to $34 by CIBC suggests a positive outlook on Brookfield Renewable's future performance. The Outperformer rating indicates that the analyst expects the stock to perform better than the market average, which could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100