Scotiabank analyst Robert Hope raised the firm’s price target on Brookfield Renewable Partners (BEP) to $29 from $28 and keeps an Outperform rating on the shares. The firm is introducing its 2027 estimates for its Canadian energy infrastructure coverage and providing perspectives on its outlook for the space, the analyst tells investors. Tailwinds from power and natural gas demand are driving increased opportunities to put capital to work and there is an upward bias to its estimates longer-term related to these themes, the firm adds.
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Read More on BEP:
- Strong Growth Potential and Strategic Positioning Make Brookfield Renewable Partners a Favorable Long-Term Investment
- Brookfield Renewable Partners price target lowered to $31 from $32 at CIBC
- Brookfield Renewable Partners Reports Record 2024 Results
- Brookfield Renewable Reports Record 2024 Results and Increases Distribution
- Brookfield Renewable Partners increases quarterly dividend 5% to 37.3c per share
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