Analyst John Mould of TD Securities reiterated a Buy rating on Capital Power (CPX – Research Report), with a price target of C$70.00.
John Mould has given his Buy rating due to a combination of factors that highlight Capital Power’s potential for growth and stability. Despite a softer performance in the fourth quarter of 2024, the company has made significant progress in its development projects, which are expected to drive future earnings.
Furthermore, the analysis of risks and concerns surrounding Capital Power suggests a promising upside, reinforcing confidence in the stock’s potential. The company’s ability to generate visible and recurring earnings growth, coupled with its resilience in managing operational challenges, supports the positive outlook. Overall, these elements contribute to the Buy rating, indicating a favorable investment opportunity.
According to TipRanks, Mould is a 4-star analyst with an average return of 13.3% and a 65.08% success rate.
In another report released on February 17, CIBC also upgraded the stock to a Buy with a C$64.00 price target.