CIBC Remains a Buy on TransAlta (TAC)
CIBC analyst Mark Jarvi maintained a Buy rating on TransAlta yesterday and set a price target of C$25.00.
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According to TipRanks, Jarvi is a 5-star analyst with an average return of 12.3% and a 66.94% success rate. Jarvi covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Renewable Partners, and ATCO Ltd Cl I NV.
In addition to CIBC, TransAlta also received a Buy from National Bank’s Patrick Kenny in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on TransAlta (NYSE: TAC).
The company has a one-year high of C$25.03 and a one-year low of C$11.16. Currently, TransAlta has an average volume of 1.23M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TAC in relation to earlier this year.
Read More on TAC:
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- TransAlta upgraded to Outperform from Sector Perform at National Bank
- TransAlta Targets Data Centre-Led Growth and Stronger Cash Flows Through 2029
- TransAlta expects meaningful adjusted EBITDA, free cash flow growth in 2029
- DOE Orders TransAlta’s Centralia Unit 2 to Stay Available for 90 More Days
- TransAlta Adjusts Mix of Series A and B Preferred Shares Through Conversions
