TransAlta downgraded to Hold from Buy at Desjardins
The Fly

TransAlta downgraded to Hold from Buy at Desjardins

Desjardins downgraded TransAlta (TAC) to Hold from Buy with a C$15.50 price target The analyst stated that the downgrade is “predicated on uncertainty around the oversupply in the Alberta power market,” which could lead to “additional near-term CTG mothballs.” With this uncertainty in mind, the firm sees the stock as close to fully valued.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App