BMO Capital analyst Ben Pham raised the firm’s price target on TransAlta (TAC) to C$22 from C$17 and keeps an Outperform rating on the shares. The firm believes the company is one of the best-positioned in its coverage to benefit from Alberta data center co-located deals, potentially as early as 2025.
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Read More on TAC:
- TransAlta Announces Dividends and Sustainable Growth
- Cohere, CoreWeave to partner on mega data center in Canada, Bloomberg says
- TransAlta resumed with an Outperform at Scotiabank
- TransAlta Completes Heartland Generation Acquisition
- TransAlta closes acqusition of Heartland Generation
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
