CIBC lowered the firm’s price target on Brookfield Renewable Partners (BEP) to $31 from $32 and keeps an Outperformer rating on the shares. The firm’s FFO per share estimates for 2025 and 2026 are trimmed by 1% and 2%, respectively, but it remains positive on Brookfield Renewable’s ability to achieve strong FFO per share growth, supported by “a strong development pipeline, potential opportunistic acquisitions and a solid funding position,” the analyst tells investors in a post-earnings note.
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